Tag Archives: Oil Price

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

Eventually. D. Trump will become hostage of Russia and Saudi Arabia who are hardly interested in low oil prices.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

Oman posted double-digit fiscal and current account deficits over the past few years.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

The UAE'.s state oil producer and energy ministry pledged to help OPEC and allies meet any market shortages this year.

US President Donald Trump sustained attempt to disrupt Iran’s oil exports would push crude prices above $90 per barrel.

OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.

Caracas will support those OPEC + decisions that will lead to an acceptable oil price for all producers.

Pradhan said India will raise the issue of the recent fuel price hike at the OPEC meeting.