Tag Archives: Oil Market

India has expressed ``discomfort`` with the high oil prices.

Brent Crude prices have been holding above $80 a barrel.

Total OPEC oil production is expected to average 32.46 million b d in 2018. down 220.000 b d from 2017.

Aramco. the world’s biggest oil producing company. is in talks to acquire a stake in Sabic. the region’s biggest petchems producer.

Saudi Arabia has been under pressure by the US to pump more barrels to prevent oil prices from overheating.

The bold claim was made by the Saudi crown prince Mohammed bin Salman during a lengthy interview with Bloomberg. published Friday.

Goldman’s analysts said production in Libya and Nigeria was higher than expected.

Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.

Saudi Arabia. OPEC’s de facto leader and largest producer. pumped 10.53 million bpd in September.

On Saturday. Trump spoke with Salman about ".efforts to maintain supplies to ensure the stability of the oil market.