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

OPEC and its allies achieved a historic 149 per cent compliance in March.

The US has recently taken a series of measures which amount to waging trade wars.

The organization had invited the US shale oil producers to take part in its seminar in June in Vienna.

In recent years. American reliance on foreign petroleum has dropped.

Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.

Earlier this month. Chevron Corp said two of its executives had been arrested in Venezuela.

Italy’s gas imports have tipped away from Algeria towards Russia in recent years as Algerian production has stagnated.

Russia’s parliament has approved the new profit-based tax on the oil industry on a first reading.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.