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

Barkindo took over as Secretary General of OPEC in August 2016.

The United States is actively considering oil sanctions on Venezuela.

Pradhan has concern about rising prices and its negative impact on consumers and the Indian economy.

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%.