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

Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.

The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.

The demand for OPEC crude will average 29.40 million barrels per day next year.

Iraq is on track to produce nearly six million barrels of crude per day by 2030.

The oil market has become highly sensitive to the US-China trade war.

The global oil market is balanced. while some uncertainties remain.

OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.

Russia continues its coordination with the Organization of the Petroleum Exporting Countries (OPEC) on the global oil market.

Under the OPEC+ agreement in August. Russia'.s oil production cut level was 143.000 b d compared to October 2018.

The trade and tariff overhang is inescapable for oil markets.