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

The organization will stick to the agenda of keeping oil prices at a ``sensible level`` in the future.

Russia. Saudi Arabia and the UAE are all part of the OPEC+ coalition.

The attack by Yemeni forces last month shut down 5.7 million bpd of Saudi Arabia’s oil production.

Satellites and artificial intelligence are changing every aspect of the oil industry and oil markets.

Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.

OPEC is counting on Russia to help sooth tensions between Iran and Saudi Arabia in order to help the global oil market stabilize.

The Iranian Oil Minister Bijan Zanganeh held separate meetings with his Armenian and Qatari counterparts in Moscow.

Iranian Minister of Petroleum has called on the Gas Exporting Countries Forum (GECF) member states to resist against pressure and imposition of opinions of some world powers. saying energy security should be in line with the interests of all countries.

The Iranian and Armenian ministers also discussed the latest bilateral plans between the two countries.

The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.