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

Around 90 percent of Kuwait'.s state revenues come from oil.

SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.

National oil firm outlines ambitious growth plans for the next two decades.

The U.S. will add about 1 million barrels a day of new supply this year.

Growth in U.S. shale could average about 1 million barrels a day this year.

Iraq hoped to more than double production from the northern Kirkuk oilfields with the help of BP.

Asia’s demand to refine crude oil into fuel products like gasoline and diesel will average 34.5 million barrels per day (bpd) in 2018.

Light and heavy crudes have averaged $68.62 and $65.48 per barrel so far in 2018.

Iraq is OPEC’s second-largest oil producer. after Saudi Arabia.

Saudi Arabia and Iraq are OPEC’s two biggest producers.