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

It is on the non-oil sector that the kingdom’s economic fortunes will ultimately rest.

Venezuela continues its call to promote in OPEC fair prices in 2019.

The oil market is in a better place today than it was a few years ago.

Russia and Saudi Arabia were the world’s top two oil producers until this year.

Saudi Arabia was the No. 1 supplier to China for a decade up to 2016.

Producers are ready to renew the agreement or increase cuts in case the market does not balance.

The demand will traditionally grow during the summer.

It is difficult to predict how long the OPEC-non-OPEC agreement would remain in place.

OPEC may be able to succeed in reducing production by the announced target.

The Spark project forms part of Vision 2030. which is an initiative promoted by the Saudi Arabian government.