Tag Archives: Oil Market

The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.

The Charter of Cooperation is a high-level voluntary commitment.

Saudi Arabia has positioned itself as the swing supplier in global markets for decades.

Aramco already brought back part of the lost production and will return to pre-attacks level end of September.

Brazil’s oil production is set to grow in the near term.

Recent attacks on Saudi oil facility would have short-term impacts on oil market.

The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.

Demand for OPEC crude will average 29.40 million bpd in 2020. down 1.2 million bpd from this year.

Iran'.s crude exports and production have plummeted because of the sanctions.

The 24-member OPEC and non-OPEC alliance decided last year to cut production by 1.2 million barrels per day (bpd) from January 2019.