Tag Archives: Oil Price

The next meeting of the parties to the deal will be held on June 23 in Vienna.

OPEC'.s own oil production rose slightly in May. the monthly report showed.

Iran'.s share of OPEC production increased slightly last month.

Russia'.s largest crude producer Rosneft was also in a position to be able to add 100.000 b d to production in a few days.

Russian output hit 11.1 million bpd in early June.

Iraq'.s plan is to increase export capacity to 6.5 million bpd by 2022.

Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.

The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.

The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.

OPEC governors meet next in October.