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

Petrobras has a lot of oil and lot of areas to exploit. but it doesn’t have enough funds to prospect all these areas.

The purpose of signing these contracts is to solve the problems of the fields considered in the deals and enhancing their recovery factor.

Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.

Economic conditions in the Gulf region are expected to moderately improve in 2020.

OPEC+ is due to meet in Vienna on March 5 and 6 to set their policy.

Oil markets are likely to take a hit from China’s deadly coronavirus. with aviation fuel suffering the most. if the SARS epidemic in 2003 is any guide. according to Goldman Sachs Group Inc.

The Latin American country is seeking feedback from global oil majors to improve participation in upcoming auctions.

Most of the demand loss will come from jet fuel as the risk of disease discourages travelers from getting on a plane.

The group of 24 major oil producers. including Russia. has been trying to erase an oil glut.

Iran has been importing various types of catalysts it needs for its petroleum industry from Western countries.