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

Oil prices and tanker earnings often move in opposite directions.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.

Iraqi Prime Minister Haider al-Abadi expressed great support for the Kuwait agreement.

Russia comfortably remained China'.s top crude supplier in November.

New projects in Brazil and Canada could add as much as rising U.S. exports.

The market is tightening and it’s tightening very quickly.

The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 MMbpd.

Freezing weather in the United States has spurred short-term demand. especially for heating oil.

Russia implemented its pledged 300.000 barrel-a-day supply cut gradually.

WoodMac expects 2018 to be a third consecutive year of increase in the number of project sanctions from the 2015 low.