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

Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.

OPEC hiked production by 70.000 barrels per day (bpd) to 32.64 million bpd. the most this year.

OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.

Despite soft trading last week. technical analysis points to plenty of upside before the end of 2018.

If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.

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