Tag Archives: Oil Market

Rising U.S. crude production remains an issue for OPEC as it strives to clear a global overhang.

The schema of the energy policy in Obama administration was a global scale plan for dealing with challenges of the energy scarcity.

Aramco’s petrochemicals output is about 30 million tonnes a year from plants it owns and joint ventures in Saudi Arabia and abroad.

BP sees Chinese demand for oil surging 61 percent. and gas demand soaring 186 percent by 2035.

Each of the U.S. producers acting individually can only impact a fraction of a percentage of the world oil market.

In December 2016 in Vienna. 11 non-OPEC countries. including Azerbaijan. agreed to curtail oil output jointly by 558.000 barrels per day.

The US president has come under widespread criticism at home and abroad. with America’s European allies reaffirming their commitment to the nuclear accord.

Khalid Al Falih welcomes increasing cooperation between Iraq and kingdom.

The agreement comes amid tensions over Kurdish claims to sovereignty with reports of armed clashes between Kurdish forces and Iraqi government troops.

OPEC would be willing to do ``whatever it takes`` to balance the oil market.