Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

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

JP Morgan Research expects the oil price to peak in the first three months of 2020.

Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503.000 b d from their total production in a bid to help stabilize the oil market.

A drop in US crude inventories helped oil prices to stay near three-month highs.

Oil prices are struggling to extend their gains as investors await further details regarding the U.S.-China ‘Phase One’ trade deal.

The United States was a net oil exporter for the first time in decades in September.

The biggest reduction is expected to be in U.S. shale output.

The consumer price index in China. the main indicator for inflation. increased 4.5% in November.

The budget deficit will widen to 6.4% in 2020 from 4.7% in 2019 as the government earns less from oil.

The largest and most significant single driver for all financial asset classes for next week will be the outcome of US-China trade negotiations.