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

Oil prices surged on Wednesday. shrugging off an unexpected build in U.S. crude stockpiles.

Every effort should be made to avoid a potential supply gap.

OPEC governors meet next in October.

TAP is expected to be ready to receive first gas by 2020.

OPEC expects to continue close cooperation with Azerbaijan within the framework of OPEC+.

The decision to keep cutting or start ramping up needs to be unanimous.

Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by 1 million barrels a day.

Oil prices declined by more than 6 percent in the last few trading days.

Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.

Now Russia and Saudi Arabia are discussing opening the taps by an extra million barrels per day.