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

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.

Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries.

Energy ministers of Russia and Saudi Arabia discussed prospects of cooperation between both countries.

OPEC agreed to lower production in 2017 and has agreed to maintain output cuts for the whole of 2018.

Oman will host the joint ministerial monitoring committee. known as the JMMC. on Sunday.

The price of Iran'.s light oil increased by 1.69 dollars in the mentioned period to reach 69.26 dollars per barrel.