Tag Archives: Oil Market

Without MBS as captain of the Vision 2030. there will be no Vision 2030.

Iran is ready for any measure contributing to stability in the oil market.

OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd.

The CEFC deal will see the Chinese company buy most of the 19.5-percent stake in Rosneft that Glencore bought last year in a partnership with the Qatar Investment Authority.

The cooperation of non-OPEC countries. in particular Russia. is good in the deal to reduce oil supply.

The project has faced repeated delays since it was conceived in the 1990s to connect Iran'.s South Pars gas field to Pakistan.

Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.

Saudi Oil Minister Khalid al-Falih and his Russian counterpart Alexander Novak met to discuss the potential extension last month in St. Petersburg.

Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.

OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.