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

Currently. oil product exports are taxed on the basis of a percentage of the crude oil export duty. which is tied to the price of oil.

Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.

Russia exports up to 500.000 b d of oil. products to the U.S.

Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.

Iraq'.s refining capacity now stood at around 670.000 barrels per day.

Iran could restart its nuclear program as it attempts to agitate the U.S.

The nation is scheduled to hold general elections in February.

Saudi Arabia is sending the most crude oil to the U.S. in 15 months.

Russia. Saudi Arabia and others are raising their oil output by one million bpd to adversely affect Iran'.s oil exports.

The U.S. is weighing case-by-case exemptions for some countries from the next set of sanctions.