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

Aramco said last week it would sign five crude oil supply agreements with Chinese customers.

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.

Oil price hit their low for the year Friday as U.S. production continued to grow.

Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.

Venesuela'.s oil production has fallen to just 1.17 million barrels-per-day. a 37 percent drop in the last year.

OPEC reportedly considered announcing a cut of 1.4 million bpd.

Oil prices have plunged by around 30 per cent since their last peaks in early October.

Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.

The kingdom is considering slashing oil production by up to 1.4 million barrels per day (bpd) with OPEC members.

US President Donald Trump has repeatedly blamed OPEC for rising oil prices.