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

The comments from al-Falih were quickly met with pushback from the IEA’s top officials.

Foreign investments are the only way for Iraq’s reconstruction to move forward.

In global politics. as in business. there are no ``friends`` and there is no ``bromance.

Falih said OPEC and its non-OPEC allies would exit from oil production cuts very gradually and smoothly.

The existing cuts have been extended till the end of 2018.

There’s an acceptance that the OPEC-led deal should extend beyond 2018. Falih said.

The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March.

Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.

OPEC and its partners see merit in maintaining their curbs into 2019.

The ministers noted that the level of the deal’s implementation had exceeded 100% in the past five months.