Tag Archives: Oil Market

The oil market is in a better place today than it was a few years ago.

Producers are ready to renew the agreement or increase cuts in case the market does not balance.

The demand will traditionally grow during the summer.

OPEC may be able to succeed in reducing production by the announced target.

The 1.2-million-bpd cut is basically the currently expected production growth in the United States for next year.

Iran. Libya and Venezuela are exempted from the cuts.

NIOC denied the false claim stated by Chilean Public Prosecutor on '.the cause of a pollution in the country and how it links to Iran'.s oil exports'..

NIOC denied the false claim stated by Chilean Public Prosecutor on '.the cause of a pollution in the country and how it links to Iran'.s oil exports'..

Iran'.s export terminals possess the most-updated laboratories. quality control and measurement devices.

The OPEC+ alliance agreed earlier this month to remove 1.2 MMbpd from the market in the first quarter of 2019 to revive prices.