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

Eni has made offshore discoveries from the Americas to Africa and the Mediterranean.

The U.S. Federal Open Market Committee (FOMC) is set to start a two-day meeting on Tuesday.

Iraq’s crude production jumped as much as 6% in 2018.

Saudi total exports are set to drop to around 7mn bpd in January.

OPEC and its Russia-led allies agreed on Dec. 7 to cut output by more than expected.

The U.S. has been rapidly cutting into its own net import dependence on crude.

The current trend in the market indicates that the OPEC'.s positive move on cutting the oil output was accepted.". the minister said.

The UAE pumped 3.175 million bpd in October and boosted further its output in November by 71.000 bpd to 3.246 million bpd.

OPEC expects global oil demand to slow next year and sees little support from the economic backdrop.

Zanganeh said on Wednesday that the current volatility in the oil market is psychological.