Tag Archives: Oil Price

OPEC+ account for nearly 49 million of the 84 million bpd of global crude.

Iraq’s government is expected to launch a tender to develop the field this year.

Higher average oil prices in 2018 pushed up the value of global fossil fuel consumption subsidies back up toward levels last seen in 2014. underscoring the incomplete nature of the pricing reforms undertaken in recent years.

A recovering oil price drove a boost to profits for Cnooc’s operations in the UK and Ireland in 2018.

Cost uncertainty for offshore oil and gas projects around the globe could be as high as $220bn over the next four years.

In 2018. India imported the third-highest volume of crude oil by value after China and the United States.

After a prolonged oil price plunge. pushing price levels down to around $59 Brent per barrel. signs are showing that the market believes the downward trend has overshot its target.

OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June.

A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.

Increasing trade friction and potential barriers would certainly have a negative impact on the global economy and oil demand growth.