Tag Archives: Oil Supply

Saudi Arabia wants to hold prices from falling. but Russia is still not agreeing.

The coronavirus epidemic has a negative impact on economic activities.

Iraq. OPEC’s second-biggest oil producer. supports any agreement that would stabilize the market.

It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.

OPEC wants to extend current oil output cuts until at least June from March.

The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.

India is working to diversify its oil supply sources to cut dependence on the Middle East.

Saudi Arabia cut crude production to 9.68 million b d from 9.88 million b d in November.

Iraq’s fragile security situation may limit its plans to expand oil-production capacity in the medium-term.

The Saudi oil producer’s future strategy aims to respond to emergencies through flexibility and trained human resources.