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

Soaring U.S. production is a ``risk`` to the Russian companies’ plans to keep their market share.

New members would make the international community ``see OPEC with a new face.``

Algeria remains dependent on oil and gas earnings. which provide 60 percent of the state budget.

OPEC wants to develop a closer relationship with the U.S. shale industry.

Barkindo plans to meet with physical crude traders and oil hedge funds while he’s in Houston.

Influence on global oil markets is also expected to rise. with U.S. oil exports more than doubling.

Oil prices are responding to the tightening of supply due to the Libyan production halt.

Non-OPEC states pledged to jointly reduce oil output by 558.000 barrels per day.

U.S. shale production is going to continue growing strongly.

Oil prices in January topped $71 per barrel but fell to $66 on Wednesday.