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

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.

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.