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

Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.

The US is now pumping an unprecedented 11.6 million barrel per day (bpd) of oil.

Iran began gas exports to Baghdad in June 2017.

Japanese refiner Fuji Oil is set to resume Iranian crude purchases after Japan received one of those waivers.

OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.

Russian Energy Minister Plans to Sign OPEC Partnership Deal.

The assurance on sustainable stability was necessary in the wake of emerging uncertainties in world energy demand.

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.

US crude production reached another record last week. at 11.7 million barrels per day.