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

Kuwait wants to transform into a business hub that attracts investments.

West Texas Intermediate crude was last seen up about 1.8% at $63.15 for the April spot.

The risk for OPEC and its allies is that this sort of market share is hard to recover once the self-imposed production cuts are lifted.

OPEC’s headquarters in Vienna could not immediately be reached for comment.

IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.

The United States is on track to become the world'.s biggest oil producer and it has big plans for the future.

Libya was initially exempt from the OPEC production cuts together with Nigeria because of the violence in the two countries.

Saudi Arabia’s own 10-year U.S. dollar sovereign bond currently yields more than 4 percent.

The EIA is forecasting US oil production will lift 14.8% to 10.70 million barrels per day this year.

Russians can pull out of the deal as they have made no commitment to OPEC to remain in the agreement until the end of 2018.