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

The biggest OPEC producer. Saudi Arabia. pumped 10.63 million bpd in July.

Chile is set to become a key source of desalination project opportunities.

Nigeria is presently the fourth exporter of gas in the world.

Russia currently expects its oil production to stay at these high levels in the next five months.

U.S. shale production is expected to slow over the next year.

The cut in Arab Light prices for September was the second consecutive monthly reduction of the OSP to Asia.

Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers.

The Saudi policy appears to be helping cool prices in the way sought by President Trump.

The oil market has been speculating about how much of Iran’s exports could be eroded by the U.S. sanctions.

Russia has used stocks held in tanks at its oilfields to boost production.