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

Members of OPEC and non-OPEC countries participating in a supply-reduction agreement are on course to reach 100 percent compliance.

Russia and Iran are in permanent contact which will help reinforcing cooperation in all levels of trade ties especially in energy sector.

Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.

Crude has retreated more than 5 percent after reaching a four-year high earlier this month.

The meeting is about the possibility of further oil output regulation.

The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.

The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.

Saudi Arabia is the world'.s largest oil exporter.

Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.

India has expressed ``discomfort`` with the high oil prices.