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

Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.

India is concerned that the rallying oil prices are hurting its economy.

OPEC agreed to a modest rise in oil production from next month.

The idea to bump output has been advocated by Saudi Arabia and Russia.

The group equally stated they will meet again on December 4. 2018 to review their decision and its impacts on the market.

The governments of Iran and Oman signed an agreement in 2013 for the construction of the 400-kilometre pipeline.

Libya’s national oil production has dropped to between 600.000 and 700.000 bpd due to the closure of the ports.

The request to halt Japanese imports signals a tougher stance than in 2012.

The major producers appear to have consumers’ interests in mind more than they have in the past.

Iran started swapping oil with Iraq’s Kirkuk on June 3.