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

The WEF’s annual gathering of political and business leaders is due to take place from Jan. 23 to 26 in the Swiss ski resort.

Russia’s reductions are modest compared with the cuts from some of its partners.

Market participants would be looking out for last week'.s US inventory data to provide further price direction.

OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly.

Iraq’s commitment to the latest deal is critical to the cartel’s success.

Both crude price benchmarks had already gained more than 2 percent in the previous session.

Global economic growth prospects for 2019 are slightly lower than for 2018.

Political factors are one of the reasons that Novatek’s Arctic-2 LNG project in Russia has a high chance of succeeding.

Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.

OPEC oil supply fell in December by 460.000 barrels per day (bpd).