Tag Archives: North America

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

OPEC’s production rose in August as a recovery in Libyan output helped offset a cut in Iranian exports.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

Resource-pour Japan relies heavily on imports of oil from the Middle East.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

Output in Texas. the nation'.s largest gas producer. increased 1.5 percent in June to 23.9 bcfd.

Sale of the oil from the reserve was mandated by previous laws to fund the federal government and to fund a drug program.

Tokyo has asked Washington to exempt Japan from the embargo.

The Europe is reliant on oil imports for 98 percent of demand.

Iran is also awaiting European guarantees on the sale of Iranian oil and banking relations.