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

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.

The United States now produces more crude than top exporter Saudi Arabia.

IEF is the biggest energy gathering being held biennially. and Iran is its active member.

Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.

There is currently insufficient data on oil inventories in JODI’s databases.

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.