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

OPEC’s own production was up slightly in April by about 12.000 barrels a day to 31.93 million bpd.

U.S. President decision to quit a multinational nuclear deal would not affect Tehran’s oil exports if the EU could salvage the pact.

The surge in U.S. output has been offset by deep supply cuts for over a year by OPEC and other producers including Russia.

St. Petersburg International Economic Forum will be held on May 24-26. 2018.

The UAE Energy Minister says not worried about how sanctions on some member countries are going to affect how OPEC deals with things.

OPEC and its ally Russia have cut their output since January 2017 to help reduce excessive global stockpiles.

The level of compliance with the output limit in April made 172%.

United States was trying to keep prices inflated in order to support U.S. shale oil growth.

OPEC and several other non-OPEC producers have reached an agreement to extend the production deal for a further nine months.

Trump and his trade team have cracked down on China heavily since March.