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

Russian participation was key to helping OPEC rebalance the market during 2017-18.

The United States this month imposed sanctions curtailing Iran'.s oil exports.

The oil market could tip into a shortage in the 2020s because nobody is allowed to fully invest in future oil production.

Demand for oil will one day peak and Saudi Arabia needs to prepare for that day.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

Oil prices have come under downward pressure from rising supplies.

OPEC and Russia may use cuts to support $70 per barrel.

The next OPEC+ meeting is scheduled for 4 December.

The committee is away from its mission and for the same reason should be stopped.

OPEC member Venezuela last year produced more than 2 million bpd.