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

Washington had been pushing governments to cut imports of Iranian oil to zero.

The producer group needs to stay 700.000 bpd below its agreed target of 31.8 million bpd through 2019.

The producer club will curb output by 0.8 million bpd from October levels.

Saudi Arabia shouldered most of the production cuts on the OPEC side.

President Rouhani said that Iran’s oil sales have been faring much better than how they did before sanctions.

Libya’s largest oil field was halted after members of the Petroleum Facilities Guard shut down pumps leading to tanks.

The surge in Australian exports follows the start up of a number of export projects in the country over the past three years.

The surge in Australian exports follows the start up of a number of export projects in the country over the past three years.

Qatar has an oil output of 600.000 barrels of oil per day. compared to Saudi Arabia’s 11 million bpd output.

The recent fall in Iraqi exports was not due to technical reasons.