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

Strong economic growth is what’s really driving demand at levels much higher than recent history.

The fall in oil prices had an immediate and dramatic impact on drilling activity.

Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.

Steel tariffs. jousting over NAFTA and wariness about regulation rollbacks are making oil and gas executives nervous.

Iran will press for carefully bringing back some of its own production.

Aramco is currently drilling for gas in Jafurah and in South Ghawar. the world’s largest oil field.

Iraqi oil production has remained stable at 4.36 million b d from September to February.

In countries like Brazil and Mexico. the slowdown at old fields jumped to double-digit rates last year.

The IPO will be '.anchored'. by a listing on Saudi Arabia'.s local exchange.

The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .