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

Despite a further cut in oil demand growth by the IEA. oil prices are trading marginally higher.

The field produces about 290.000 barrels per day (bbl d). accounting for a quarter of Libya’s oil production.

OPEC and its allies have agreed to cut production by 1.2 million b d through to the end of the first quarter of 2020.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

China and Russia have an interest in preventing the complete collapse of Venezuela’s oil industry.

The two side also discussed the oil market conditions and the Kingdom’s keenness to maintain its stabilities.

Tensions in the Middle East have heightened in the wake of attacks on tankers and U.S. drones.

Iranian Oil Minister Bijan Zanganeh issued a decree appointing Mohammad Taeb as the director-general of OPEC Affairs at the Iranian Oil Ministry.