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

Saudi Arabia is a key pillar of India’s energy security. being a source of 17% or more of crude oil and 32% of LPG requirements of India.

Oil accounted for 72 percent of Russia'.s gross domestic product last year.

Aramco had put out 10 fires in the span of seven hours after the ".huge". assault.

The drone attacks on the Khurais oilfield and the Abqaiq oil processing facility took an estimated 5.7 million bpd in production capacity off the market.

Brazil’s oil production is set to grow in the near term.

Recent attacks on Saudi oil facility would have short-term impacts on oil market.

There is enough oil in global stockpiles to replace barrels Saudi Arabia had temporary lost due to the attacks.

A sharp rise in oil prices also comes at a delicate time for the global economy.

Long-term oil demand is expected to rise to almost 112 mb d by 2040.

The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.