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

The level of execution of the deal by the OPEC countries in January was 86%.

International Brent crude oil futures had yet to trade.

Venezuela’s production has almost halved in two years to 1.17 million bpd.

A flurry of intensifying risks could trigger an energy market ".crunch". over the coming months.

OPEC and Russia have been cutting production together to support prices since 2017.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.

Growing U.S. supply and a potential economic slowdown this year could cap oil markets.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.