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

Short-cycle U.S. shale production is growing and will grow next year too.

Oil sanction is part of Trump'.s plan to pressure Iran to give more concessions than what were agreed upon in the JCPOA.

Saudi Aramco is moving steadily to build a world leading position in the downstream segment of the business.

In Japan. official data on Thursday showed a slowdown in export growth as well as a decline in crude oil imports.

Iran'.s oil production in July increased to 3.806 million bpd. a 4.000 bpd rise from 3.802 million bpd in June.

The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.

The OPEC remains positive on the overall oil demand.

OPEC expects that average oil production in Russia will be 11.15mn barrels per day in 2018 and 11.17mn barrels daily in 2019.

Much will depend on the European Union. which has vowed to resist US sanctions on Iran.

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.