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

Brent prices climbed last week on optimism a thaw in China-US relations will help sustain global growth.

Libya’s oil production and exports have been severely disrupted since early December.

The United States increased output by 2.1 mbd last year. the ".highest ever". annual growth ever recorded.

Venezuela has seen the collapse of its oil industry slow during the second half of 2018.

Russia will attempt to do so as quickly as possible.

The WEF’s annual gathering of political and business leaders is due to take place from Jan. 23 to 26 in the Swiss ski resort.

Russia’s reductions are modest compared with the cuts from some of its partners.

Market participants would be looking out for last week'.s US inventory data to provide further price direction.

OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly.

Iraq’s commitment to the latest deal is critical to the cartel’s success.