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

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.

Saudi-Iran tensions. and the stand-off on the Korean Peninsula. could impact oil markets this year.

The OPEC cut has boosted prices. which topped $71 a barrel this year for the first time since late 2014.

Saudi Arabia’s expectations for how long OPEC will need to persevere with production cuts seem to be shifting once again.

Last year. Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia.

The price for April futures of the North Sea Brent oil mix has increased by 0.01 percent to $67.32 per barrel.