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

An oil production shortfall in Iran and Venezuela has changed the scenario for the two countries and members of the oil cartel.

An average of 692.600bd of the country’s crude oil went to Europe in 2017.

There is statistical evidence that storage is now managed more conservatively than in the past.

China'.s aggressive riposte to Trump took some in the industry by surprise.

The UAE minister said stock levels had dropped significantly since the beginning of 2017.

Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.

In the currency market. the U.S. dollar is trading in the mid 110 yen-range on Monday.

OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day.

China on Friday said it would retaliate by slapping duties on American export products. including crude oil.

Government of India will seek responsible crude oil pricing from OPEC to ensure oil prices remain within common man’s reach.