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

Many nations have gone further than their pledged cuts.

OPEC on Tuesday said that the oil market outlook in the second-half of 2018 is highly uncertain and warned of downside risks to demand.

Saudi Arabia has enjoyed diplomatic ties with the US for decades.

Russia and Saudi Arabia are set to discuss oil policy on Thursday.

The next meeting of the parties to the deal will be held on June 23 in Vienna.

OPEC'.s own oil production rose slightly in May. the monthly report showed.

Venezuela and Iran have appealed to OPEC to maintain unity.

Iraq on Monday joined Iran and Venezuela in opposing any plans to start boosting crude output.

OPEC and its partners are due to meet at its headquarters in Vienna. Austria. to discuss policy.

Iran'.s share of OPEC production increased slightly last month.