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

Oil from Eastern Russian field is very competitive.

Russia and Iran are still considering how to make payments to one another in their national currencies.

Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude.

The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.

Donald Trump recently accused OPEC of ``ripping off`` the world.

The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.

U.S. sanctions on Iran’s petroleum sector are set to take effect next month.

Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.

The ministers will be able to discuss state policy in the energy sector during a special ministerial conference organized as part of the Russian Energy Week.

In Europe. Russia’s Urals is considered to be one of the best replacements for Iranian grades.