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

Sixteen countries have been invited to the meeting of the ministerial monitoring committee of OPEC +.

Saudi Arabia and Russia led OPEC and allied producers in agreeing to cap output starting in January 2017 to curb a glut.

The U.S.. Russia and Saudi Arabia are also working together to make sure the world has access to affordable energy.

Iran told OPEC last month that no member country should be allowed to take over another member'.s share of oil exports.

This winter could turn out to be a hot one indeed for oil markets.

Over a decade. oil-for-loan agreements helped China secure energy supplies for its fast-growing economy.

Trump’s efforts to cut Iran’s access to the global crude market has prompted Russia and Saudi Arabia to take the market hostage.

Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.

The US is attempting to bring Iran’s oil sales to zero by imposing banking and transportation restrictions.

Buyers who defy the US sanctions risk having their banks frozen out of the American financial system.