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

Saudi Arabia’s March production fell 47.000 barrels to 9.934 million barrels a day.

Qatar is the world’s lowest cost major producer of LNG.

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.

A surplus in global oil inventories is also close to evaporating. OPEC said on Thursday.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

The United States now produces more crude than top exporter Saudi Arabia.

IEF is the biggest energy gathering being held biennially. and Iran is its active member.

Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.

There is currently insufficient data on oil inventories in JODI’s databases.