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

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

The sanctions are expected to impact Iranian oil exports.

Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.

Shell is a major player in the U.S. Gulf of Mexico.

The United States will target Iran’s oil exports with sanctions from Nov. 4.

The U.S. seeks to reduce Iranian oil exports to zero even for a month.

The threats of disruption as well as the early supply cuts have helped to lift Brent crude futures to nearly $80 a barrel this month.

The Trump administration is pushing politics into the OPEC.

The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.

OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.