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

Saudi'.s oil production would be much lower than 10 million bpd until the end of next month.

Saudi Arabia’s fiscal break-even could be as high as $95 per barrel this year.

The alliance between the two Asian countries is likely to bode well for other Asian oil importers too.

Nations in Asia are mostly dependent on West Asian producers for their demand for oil.

The cuts have been supported by some non-OPEC producers. most notably Russia.

The 21-mile Strait of Hormuz at the mouth of the Persian Gulf handles roughly 40% of global crude trade.

Countries that do not stop buying oil from Tehran after the deadline risk facing Washington sanctions.

The main theme of the event is production boom in the country.

Iraq has adequate supplies of natural gas but has been flaring gas at increasing rates as oil production climbs.

Trump’s choice has faced opposition of the international community.