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

Producers are ready to renew the agreement or increase cuts in case the market does not balance.

The demand will traditionally grow during the summer.

It is difficult to predict how long the OPEC-non-OPEC agreement would remain in place.

OPEC may be able to succeed in reducing production by the announced target.

The Spark project forms part of Vision 2030. which is an initiative promoted by the Saudi Arabian government.

OPEC and non-OPEC producers will hold an extraordinary meeting and do what is necessary to balance the market.

Iraq’s oil minister expects ``an improvement`` in oil prices at the beginning of next year.

Gas-rich Gulf state aims to escape blockade by diversifying economy.

The 1.2-million-bpd cut is basically the currently expected production growth in the United States for next year.

Iran. Libya and Venezuela are exempted from the cuts.