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

The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.

Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.

Growth in shale production should limit any increases in Saudi oil pricing.

OPEC. allied suppliers to meet in June to assess crude market .

The Russians and Americans are going head-to-head in a global oil and gas market.

Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.

Natural gas production was at 65.35 billion cubic meters (bcm) last month. or 2.11 bcm a day. versus 63.5 bcm in December.

Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.

Chevron. Total and PetroChina may form a consortium later on to take over the development of the field.

Qatar is suffering from the repercussions of Saudi’s sales strategy.