Tag Archives: Oil Market

The event then will feature a presentation on the pace of oil market development.

OPEC+ provides main support to the oil market.

Russia will cut production by 228.000 barrels per day.

The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.

Venezuela´s oil output has long been on a downward spiral thanks to years of underinvestment and mismanagement.

Rystad Energy forecasts that some operators in Venezuela will run out of naphtha by this month.

The IEA warned that the oil industry is in danger of creating a major supply gap in the 2020s.

The rebalancing of the global oil market was a work in progress.

Aramco expected to boost its exports to Chinese refiners to 1.5 million bpd this quarter from 1 million bpd last year.

The oil business will be a major and important industry in Norway for many years to come.