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

Trump’s order to OPEC members to increase production destabilizes the market.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.

The oil and gas rig count now stands at 1.052—up 100 from this time last year.

Russian government officials have become increasingly vocal about rising pump prices in recent weeks.

Government working to negotiate with Trump administration to maintain relations with Iran.

The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.

Trump was trying to intensify tensions between Iran and Saudi Arabia.

The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.

Nigeria has historically assumed a strong. proactive leadership role in OPEC.

Iran is OPEC'.s second-largest crude exporter with more than 2 million barrels a day.