Tag Archives: Market

Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.

OMV is a financial investor in the 55 Bcm year Nord Stream 2 project.

Japanese refiner Fuji Oil is set to resume Iranian crude purchases after Japan received one of those waivers.

TurkStream is a transit-free gas export pipeline that will stretch across the Black Sea from Russia to Turkey.

OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.

The assurance on sustainable stability was necessary in the wake of emerging uncertainties in world energy demand.

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.