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

US crude exports will keep rising as domestic production grows.

Many G20 members have a stake in the outcome of the meeting because the row has disrupted global supply chains.

Donald Trump signed an executive order to impose additional economic sanctions on Iran.

Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer. with President Donald Trump announcing plans for further sanctions against the OPEC member.

The current round of quotas went into force in January and ends on June 30.

High oil prices have been a pervasive concern for India.

Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.

OPEC nations may be at odds with each other. but all they need to do is extend their current crude oil cutbacks through the end of the year to help keep the market relatively balanced. according to a new report.

OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts. after talks between Russia and Iran made some progress toward resolving a standoff over the date.

The OPEC meeting comes at a time of heightened geopolitical tensions in the Middle East.