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

OPEC last sought to drive out shale producers by flooding the market with oil in 2014.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.

The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.

Crude production from members of the Organization rose by 127.000 barrels a day in October.

OPEC in recent months has been wracked with internal disputes.

The rig count is an indicator that U.S. crude production will increase further.

Oil prices at $70 or above is never the best choice for the consumers and Russia is in that camp.

The Technical Committee held the meeting on the verge of the Joint Ministerial Monitoring Committee meeting in Abu Dhabi this Sunday.

A possibility of oil production cut in 2019 looms large as OPEC and its allies are expected to meet in Abu Dhabi.