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

A tender to raise production at the Forouzan oil field will be finalised by the end of June.

Iraqi oil output was around 4.57 million b d in April.

OPEC secretary general arrived in Tehran on Thursday and attended in a meeting on the sidelines of the 24th International Oil Exhibition.

Iran sits atop 11 percent of oil and 18 percent of gas reserves in the world.

Anyone who uses oil as a weapon is bringing forward the death and collapse of OPEC.

The number of rigs targeting gas rose by nine to 224. while the oil-directed rig total increased by 11 to 857.

The OPEC Secretary General Barkindo was Iran to visit the 24th Iran International Oil. Gas. Refining and Petrochemical Exhibition.

EIA data showed the inventories jumped almost 10 million barrels last week.

Russia is the only participant that can reduce production gradually as was the case in 2017.

All members remain focused on OPEC'.s principal objective to ensure stability at all times in n the oil market.