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

OPEC and non-OPEC producers will hold an extraordinary meeting and do what is necessary to balance the market.

Iraq’s oil minister expects ``an improvement`` in oil prices at the beginning of next year.

Gas-rich Gulf state aims to escape blockade by diversifying economy.

The 1.2-million-bpd cut is basically the currently expected production growth in the United States for next year.

Iran. Libya and Venezuela are exempted from the cuts.

South Korea imported 8.8 million barrels of light sweet WTI Midland and Eagle Ford crude and condensate in October.

The OPEC+ alliance agreed earlier this month to remove 1.2 MMbpd from the market in the first quarter of 2019 to revive prices.

The U.S.-China trade war would not have an impact on Saudi Arabia’s relationship with China.

Both U.S. crude and Brent have shed more than 30 percent from early October amid swelling global inventories.

Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years.