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

Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.

U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices.

Two OPEC members are looking to damage the group and undertake policies against Tehran for the US.

The tariffs are likely to limit economic activity in both China and the United States.

Russia has already reversed most of its own production cuts as part of the deal.

OPEC and non-OPEC countries aim to agree a framework for long-term cooperation by December.

The U.S.-China trade tension restricts oil from rising further.

Novak and Falih discussed bilateral energy ties and the global energy market during a meeting in Moscow.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.

Lack of proposal will not enable the US to null export of Iranian oil.