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

The market is now stuck in an OPEC-wary condition.

Pradhan said India will raise the issue of the recent fuel price hike at the OPEC meeting.

OPEC members and independent producers will meet in the Austrian capital. Vienna. on 22 June to discuss a future production policy.

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.