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

Analysts say U.S. output will rise further and that oil firms will export more oil to sell off surplus stocks.

The main factor keeping oil prices from rising even further is soaring U.S. oil production.

Cooperation by Russia and Saudi Arabia on international energy markets will be continued.

Higher energy prices will lead to higher gasoline prices in the U.S.

OPEC and its partners implemented a slightly different version of their supply-cut agreement in 2017-2018.

China’s vehicle sales last month fell by 15.8 percent versus the same month in 2018.

Iran’s Persian Gulf Star Refinery converts light crude. known as condensate. into gasoline and naphtha.

US-China trade talks are set to resume next week in Washington.

Progress in the trade talks between the US and China helped to allay fears about fuel demand.

The organization is more directly represented by its secretary-general. currently the Nigerian Mohammad Barkindo.