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

OPEC is likely to push back their decision of whether or not to extend the output cut agreement to June from April.

Both countries agreed to continue coordinating steps on the global oil market in the OPEC+ format.

OPEC exports are off by over 1.5 million barrels per day (bpd) since November.

The shale revolution has made the US the world’s top oil producer and is reshaping the global oil market.

US plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve in April.

The Emirates should reduce the production of oil from 3.168 million barrels per day to 96.000 barrels per day.

The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.

Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.

This prestigious accolade was awarded last year to Khali Al-Falih.

Cosmo Oil was among the first Japanese refiners along with Showa Shell. Fuji Oil to resume Iranian crude loadings in January.