Tag Archives: Mohammed Barkindo

Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.

OPEC is counting on Russia to help sooth tensions between Iran and Saudi Arabia in order to help the global oil market stabilize.

The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.

The Charter of Cooperation is a high-level voluntary commitment.

Long-term oil demand is expected to rise to almost 112 mb d by 2040.

Demand for OPEC crude will average 29.40 million bpd in 2020. down 1.2 million bpd from this year.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Both Iran’s and Venezuela'.s production woes have contributed significantly to the cartel’s over compliance to the group’s production cut quota.