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

Iran'.s National Iranian Oil Co. is expected to release its OSPs for May-loading crude later this week.

Russia has been a ``great partner`` in the cuts agreement.

OPEC’s Secretary General has been a strong advocate of advancing dialogue and cooperation among producers and consumers.

Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.

Baghdad depends on the oil sector for more than 90 per cent of its revenue.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

Moscow and Riyadh must first resolve those substantive issues before they can hammer out an oil deal that truly matters.

Luaibi did not say which countries have suggested a six- month extension of the agreement.

Crude prices has recovered to $70 per barrel but fast-growing oil exports from the United States (US)’s producers have restricted prices.

Ecuador cut shipments to the United States by 86 percent and Kuwait cut exports by 58 percent. week-over-week.