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

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.

China and India now account for about a fifth of global strategic reserves.

A combination of these solutions would go a long way in minimizing the impact of climate change.

Iranian Oil Minister Bijan Zangeneh said Falih is a technocrat and a respectable person and does not often speak politically. and he must have probably been asked to say such political things.

It looks like the cartel aims for higher oil prices now and will think of regaining market share later.

June output was the lowest by OPEC since April 2014.