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

The Saudi tactic to send reduced volumes to the States succeeded last year.

Saudi Arabia’s in a more precarious position for this upcoming OPEC meeting.

Libya hopes to obtain an exemption from possible reductions in oil production.

The IEA reduced its forecast for growth in emerging-market demand next year.

While OPEC considers withholding supply. U.S. crude oil production reached another record last week.

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.