Tag Archives: Minister

".Whatever the agreement will be. we will support it.". the minister said.

Russia is the producer everyone is watching ahead of the OPEC meeting.

Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.

OPEC members will discuss extension of the body'.s production cut plan to curb the global oil glut and rebalance the market.

Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.

Ten non-OPEC countries will attend the meeting of OPEC+ in Vienna on November 30 to discuss increasing the number of the deal’s participants.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Despite the US pressures. western companies are still interested in investment in Iran.

Oil markets are already showing jitters over the OPEC meeting this week.

OPEC. Russia and several other major producers have cut their combined output by about 1.8 million barrels per day since January.