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

United States was trying to keep prices inflated in order to support U.S. shale oil growth.

OPEC and several other non-OPEC producers have reached an agreement to extend the production deal for a further nine months.

Trump and his trade team have cracked down on China heavily since March.

OPEC’s production increased by 12.000 bpd in April over March. to average 31.93 million bpd in April.

OPEC’s production increased by 12.000 bpd in April over March. to average 31.93 million bpd in April.

Global oil prices are currently under the influence of geopolitics.

Algeria spent $2 billion on imports of refined products 2017.

China took almost a quarter of Iran’s exports in 2017.

China took almost a quarter of Iran’s exports in 2017.

A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.