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

The trade disputes among some of the leading partners in the world will eventually hurt global economic growth.

Analysts had expected that Iran would not agree to any specific production boost.

Aramco raised pricing on all grades to Northwest Europe and the Mediterranean region for October.

OPEC'.s next regular meeting is December 3. with non-OPEC partners scheduled to join the talks December 4.

U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.

World oil consumption would hit 100 million barrels per day later this year. ``much sooner`` than earlier projected.

The second-largest production increase came from Iraq and the United Arab Emirates.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

OPEC’s production rose in August as a recovery in Libyan output helped offset a cut in Iranian exports.

Qatar also set its August Qatar Land crude OSP at $74.00 a barrel. down from $75.25 for the previous month.