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

Higher oil prices can bring in more cash to the balance sheet.

U.S. net oil imports. including crude and refined products. last week dropped to just 1.77 MMbpd.

OPEC is expected to stick to its current policy of output cuts in the second half of 2018.

US crude production set to touch 9.9m bpd this month. well above EIA forecasts.

U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.

At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.

The oil can be transferred both to Iran’s northern refineries and the southern export terminals.

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.

U.S. shale oil producers could increase production if oil prices rise.

Projections of LNG demand reveal growth of over 3%-5% per year until 2030.