Tag Archives: Market

Oil from Eastern Russian field is very competitive.

Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude.

The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.

Donald Trump recently accused OPEC of ``ripping off`` the world.

U.S. sanctions on Iran’s petroleum sector are set to take effect next month.

Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.

In Europe. Russia’s Urals is considered to be one of the best replacements for Iranian grades.

Brent has risen by more than 20 percent from its most recent lows in August.

Pakistan is importing about 110.000 barrels per day crude oil from Saudi Arabia

Saudi Arabia. OPEC’s de facto leader and largest producer. pumped 10.53 million bpd in September.