Tag Archives: Oil Supply

Oil prices had peaked to their highest levels since the assault on two Saudi Arabian production facilities last September.

The zone was formally partitioned between Saudi Arabia and Kuwait in 1970.

The current agreement is due to expire in March but there’s speculation that the group could opt to cut further if Russia agrees.

Iraq. the second-largest oil producer of OPEC'.s 14 members. is also one of its most chronic over-producers.

Sluggish refinery activity in the first three quarters has caused crude oil demand to fall in 2019 for the first time since 2009.

A deal will almost remove that dark cloud that had engulfed the global economy.

The oil giant will issue the IPO prospectus on November 9.

Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output.

VLCC freight rates for key crude oil supply routes to Asia have surged since the US ratcheted up sanctions in recent months.

The IEA had cut its demand growth figures for the year but kept it unchanged for next year.