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

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.

Brent Crude prices have been holding above $80 a barrel.

India is Iran'.s top oil client after China.

Emerging-market crises and trade disputes could dent global demand.

Total OPEC oil production is expected to average 32.46 million b d in 2018. down 220.000 b d from 2017.

Concern that the U.S.-Chinese trade war could slow down economic growth and hit oil demand also weighed on the market.