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

Pouyanne is joining a growing number of industry executives and analysts who have started to predict that $100 is now a real possibility.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

Sanctions against Iran could contribute to a ``nasty gap`` in the market at year-end.

The Qayara oil field was shut-in for years until last year. due to the war with Islamic State.

Russia can bring ``a couple of hundred thousand barrels`` in the short term.

India. Iran’s second-biggest oil client behind China. has already reduced its intake of Iranian oil.

Saudi Arabia will continue to increase oil production in order to achieve moderate prices.

Other OPEC countries have been increasing production in recent months.

Markets could still be underestimating the supply crunch from Iran sanctions.

The analysts at Goldman Sachs expect the OPEC producers and Russia to compensate for the drop in Iranian oil supplies.