Tag Archives: Oil Market

Higher oil prices help U.S. shale producers.

OPEC members and independent producers will meet in the Austrian capital. Vienna. on 22 June to discuss a future production policy.

An average of 692.600bd of the country’s crude oil went to Europe in 2017.

The UAE minister said stock levels had dropped significantly since the beginning of 2017.

OPEC+ as the Saudi-Russia alliance is called are mulling an ".ease-off". of compliance.

China retaliated by slapping duties on American export products. including crude oil.

IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.

OPEC operates on consensus. and the production limits have always depended on voluntary compliance.

On June 22-23. OPEC + participants will meet in Vienna to discuss options for further implementation of the transaction.

OPEC'.s upcoming meeting must do everything possible to prepare the markets.