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

Iran has always been a reliable energy partner for India and others.

It’s unfair to say that OPEC is not doing its part.

Iran has plans to counter U.S. President Donald Trump'.s threats to stop Iran'.s oil sales.

Eventually. D. Trump will become hostage of Russia and Saudi Arabia who are hardly interested in low oil prices.

Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

Oman posted double-digit fiscal and current account deficits over the past few years.

U.S. crude oil is not on the list of 545 products the Chinese government has said it would immediately retaliate with in response to American duties.

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.