Tag Archives: Oil Market

The capacity of the giant Khurais oil field will be expanded by between 250.000 bpd and 300.000 bpd.

Pouyanne is joining a growing number of industry executives and analysts who have started to predict that $100 is now a real possibility.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

Saudi Arabia will continue to increase oil production in order to achieve moderate prices.

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

The United States will target Iran’s oil exports with sanctions from Nov. 4.

Iran argues one member has no right to steal the quota of another.

Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.

In the near-term. the US seems to be counting on Saudi Arabia and Russia. along with American shale drillers. to offset the losses from Iran.

U.S. President Donald Trump increased pressure on OPEC to ``get prices down now!``