Tag Archives: Oil Supply

The expert expects the Persian Gulf tensions to persist within a year and a half.

IEA countries hold 1.55 billion barrels of public emergency oil stocks.

Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.

The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty.

Any slowdown in global economic growth will put the brakes on demand for oil.

Tehran has no problem with reducing global crude production.

Iranian Parliament Speaker Ali Larijani said that Washington has failed in its attempts to prevent Iran'.s oil sales and its purchase of goods from other countries.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

Russia agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output.

The deal removed 1.2 million barrels a day of OPEC+ production. helping to send oil prices higher.