Tag Archives: Oil Production

The fiscal deficit continues to narrow in Saudi Arabia.

Iran will not take part in any cuts while there are U.S. sanctions on its oil.

Russia would eventually agree to cut its oil production.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

Venezuela stopped sending its gold to Switzerland for processing last year to circumvent EU sanctions and turned to Turkey for the purpose.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

The trade war between the world’s two biggest economies has weighed heavily on global trade.

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

The production decline is the first since the beginning of this year.

A slowdown in oil demand growth is compounding the emerging oversupply.