Tag Archives: Multimedia Channel

The European Union is also working on a financial mechanism to ease non-dollar trade with Iran and circumvent US sanctions.

Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.

In recent months. the Saudis increased production by more than 1 million barrels per day.

The country expects its total oil output to hold steady over the full year.

Gas production operations at the field are to continue at the facility for more than 100 years – until 2128.

Oil prices jumped just over four percent as news of the deal broke.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

Iraq is OPEC’s second-largest oil producer following Saudi Arabia and pumps around 4.6 million bpd.

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

US President Donald Trump has repeatedly blamed OPEC for rising oil prices.