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

The loss of Iran could pull millions of barrels off the market at a time when spare capacity is at a premium.

Putin praised Trump for what he called ".his eagerness to meet all his promises he made to voters during his election campaign.".

The study is based on date only up to October 2014.

The rise in the price of crude is obviously very good news for oil companies.

All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure

Venezuela’s production collapsed due to a lack of investment and Iranian exports have suffered due to US sanctions.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices.

In July. Russia planned to boost production by 200.000 barrels per day.

Saudi Arabia and large producers are ramping up output to offset losses that are likely to come as the November deadline approaches.

As Saudi Arabia raised its production. the number of rigs drilling for oil in the US fell by 80%.