Tag Archives: Oil Market

Trump has said Putin is ``a competitor. and a good competitor he is.``

Venezuela now produces almost half of the oil it did two decades ago.

The United States holds a reserve of about 660 million barrels.

The meeting will allow OPEC members to discuss ways to maintain oil market stability.

OPEC is a 14-country oil cartel. which includes Nigeria.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

The supermajor said the deal makes it the number two player in the world for LNG.

China has decided to invest &.25 million to help slow the decline underway in Venezuela.

Kazakhstan keeps on increasing oil production despite its participation in OPEC+ deal.