Tag Archives: International Organizations

Saudi Arabia has been raising its production faster than many expected.

Russia has increased its oil production by 400.000 barrels per day.

US President Donald Trump has pledged to bring Iran'.s oil imports down to zero.

China last month imposed retaliatory tariffs on an additional $60 billion worth of US imports.

Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.

Top exporter Saudi Arabia pumped most of the extra oil. raising output by 524.000 bpd in September compared to May.

The US energy giant is currently participating in just one major project – Sakhalin-1.

OPEC estimates India will account for about 40 per cent of the overall increase in global oil demand by 2040.

Producers’ unwillingness to raise spending despite higher oil prices also is taking a toll.

Global oil supplies had already become tight even before the decisions to cut production and embargo the United States.