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

Most of Iraq’s oil is shipped through southern terminals.

Despite the rise in the June production. Russia was still complying. for a second month. with its pledge under the OPEC+ deal.

The CEOs of oil companies are in a tight spot.

Both Iran’s and Venezuela'.s production woes have contributed significantly to the cartel’s over compliance to the group’s production cut quota.

Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.

Iran'.s oil minister says the world'.s energy supply is threatened by the United States. not Iran which is a major guarantor of energy stability and peace in the region.

The US has turned from a major oil consumer into a major producer.

China is a signatory of the nuclear deal and has condemned Washington’s decision to exit the deal.

The oil market is caught in a bind and does not know which way to go or trend.

Russia has budgeted much lower prices than the current ones for 2019.