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

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

Russia is the key non-OPEC partner in the production cut deal with OPEC.

On Tuesday. the American Petroleum Institute (API) reported an estimated inventory increase of 3.453 million barrels.

Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.

The output from the troika is the fastest-growing element in global oil supplies.

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.