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

OPEC’s production increased by 12.000 bpd in April over March. to average 31.93 million bpd in April.

OPEC’s production increased by 12.000 bpd in April over March. to average 31.93 million bpd in April.

Global oil prices are currently under the influence of geopolitics.

Algeria spent $2 billion on imports of refined products 2017.

China took almost a quarter of Iran’s exports in 2017.

China took almost a quarter of Iran’s exports in 2017.

A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.

Oil ministers from OPEC and its partners meet on June 22-23 in Vienna to review the existing agreement.

Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.

China buys the largest share of Iranian oil. and most of the rest is sold to the other top Asian consumers.