Tag Archives: Market

Earlier this year. Qatar agreed to increase its stake in Rosneft to almost 19 percent.

The 14-nation OPEC cartel and its 10 non-member partner nations. known as OPEC+. together account for more than 50 percent of the world'.s oil supply.

Saudi'.s Falih suggested negotiations will take place between countries with spare capacity to increase production and those unable to do so.

Without further investment. liquids supply would decline steeply leading to major price fluctuations down the line.

Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.

Saudi Arabia and its allies estimate that total cuts now amount to 2.8 million barrels.

U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.

OPEC. together with other key producers including Russia. started withholding output in 2017 to prop up prices.

Zanganeh said that Iran would try to maintain its export levels in the face of US sanctions.

Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.