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

The amount of crude OPEC is capable of pumping is also set to deteriorate.

Thanks to shale oil. the U.S. became the world’s largest crude oil producer and exporter for the first time in 2018.

The group will meet in Vienna on April 17-18.

Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.

Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.

The Indian market is crucial for Venezuela’s economy.

China and the U.S. would lead healthy global demand for oil this year.

Production in U.S. hit a record of more than 12 million bpd in February.

The UAE’s output at the end of January according to secondary sources cited by OPEC was 3.078 million bpd.

OPEC and its partners decided to extend its production cuts till the end of 2018 in Vienna on November 30.