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

Both crude price benchmarks had already gained more than 2 percent in the previous session.

Global economic growth prospects for 2019 are slightly lower than for 2018.

Political factors are one of the reasons that Novatek’s Arctic-2 LNG project in Russia has a high chance of succeeding.

Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.

OPEC oil supply fell in December by 460.000 barrels per day (bpd).

A surge in OPEC production in late 2018 means the market started this year better supplied than the last.

Trump credits his own talent for having brought down oil prices.

For most of the past year. China and the US have been locked in a trade dispute disrupting the flow of goods.

Iraq oil minister has directed oil officials to take urgent measures to comply with the cuts.

The Saudis curtailed production by 420.000 barrels a day to 10.65 million last month.