Tag Archives: Oil Minister

Russians can pull out of the deal as they have made no commitment to OPEC to remain in the agreement until the end of 2018.

Iraq is OPEC’s second-largest oil producer after Saudi Arabia.

A total value of about $2.5 million has been allocated to the five contracts. which are planned to be carried out in 10 years.

Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.

Iran will press for carefully bringing back some of its own production.

The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .

New members would make the international community ``see OPEC with a new face.``

Baghdad says only SOMO has the right to export Iraqi crude.

In the current fiscal so far. the Middle East has accounted for 117.5 MT of crude oil supplies from India.

U.S. shale production is going to continue growing strongly.