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

Analysts criticized the end to the exemptions. which would hit Asian buyers the hardest.

Aramco'.s recent bond sale success proves that the age of oil won'.t end soon.

In March. Russia continued to gradually reduce oil production.

Russia’s crude oil production in April stood at 11.24 million barrels per day. still slightly off its promised level of 11.191 million bpd.

Crude oil prices were slightly up during the week with declines in U.S. crude oil inventories and production.

OPEC and its partners launched a new round of output cuts at the beginning of the year.

In China. the economy seems to be reacting to the government’s stimulus measures with purchasing managers.

OPEC and its allies meet in June to decide whether to continue withholding supply.

Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.

Oil supplies from OPEC slid to their lowest level in four years in March.