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

Tthis country is the biggest in terms of crude oil reserves.

Brent crude prices stabilized on Wednesday after heavy losses the day before. with looming U.S. sanctions against Iran back in focus.

In its Gas 2018 annual report. the IEA said Chinese demand for natural gas will rise by almost 60 percent between 2017 and 2023 to 376 bcm.

Saudi Arabia and Russia could formalize a strategic partnership. marking a new era for the oil market.

Following the incident. the kingdom has been attacked by international governments and leaders.

Sanctions on Iran are expected to remove about 1 million barrels a day from the world market by the end of the year.

U.S. crude oil production has climbed by almost a third since mid-2016 to around 11 million barrels per day.

Russia will take leadership for the new secretariat.

OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.

Global supply next year could be helped by Brazil. Kazakhstan and the United States.