Tag Archives: Oil Market

Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.

OPEC and its partners see merit in maintaining their curbs into 2019.

The ministers noted that the level of the deal’s implementation had exceeded 100% in the past five months.

Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries.

Energy ministers of Russia and Saudi Arabia discussed prospects of cooperation between both countries.

Oman will host the joint ministerial monitoring committee. known as the JMMC. on Sunday.

Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.

Oil prices this month have not been so high in three years.

IEA analysts pointed out that the oil market is clearly tightening.

IEA analysts believe that steady OPEC production must be treated with caution.