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

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.

Growing U.S. supply and a potential economic slowdown this year could cap oil markets.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.

Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.

Currently. Washington'.s sanctions apply only to US entities.

Russia has been in full compliance with its pledge to gradually cut its oil production.

Oil has rebounded this year as OPEC’s production cuts have taken effect.

The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.