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

Earlier this month. Chevron Corp said two of its executives had been arrested in Venezuela.

Italy’s gas imports have tipped away from Algeria towards Russia in recent years as Algerian production has stagnated.

Russia’s parliament has approved the new profit-based tax on the oil industry on a first reading.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.

Saudi Arabia’s March production fell 47.000 barrels to 9.934 million barrels a day.

Qatar is the world’s lowest cost major producer of LNG.

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.

A surplus in global oil inventories is also close to evaporating. OPEC said on Thursday.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.