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

Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.

All the four major Asian economies should come together and India will try to create a network for that within the four countries.

A rise in geopolitical tensions has been the main driver of prices in recent times.

China’s total crude oil imports in March rose to the second-highest on record at 9.2 million bpd.

Algeria relies heavily on energy earnings.

The pact runs until the end of 2018.

OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.

Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.

The OPEC country'.s output has recovered in the last year to nearly 1 million b d.

Trump'.s verbal attack on OPEC is hardly justified.