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

Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.

Currently. Washington'.s sanctions apply only to US entities.

Russia has been in full compliance with its pledge to gradually cut its oil production.

Oil has rebounded this year as OPEC’s production cuts have taken effect.

The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.

OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.

Oil Rises amid US Lower Imports. Venezuela Sanctions.

In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.

The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA.

Saudi Arabia'.s voluntary limit under the December cuts deal with Russia and other producers was 10.33 million barrels a day.