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

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.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

The history of U.S and her partners in energy policy shows oil has been applying as a political weapon in many cases.

The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.

Rising U.S. production helped fuel a slump in prices.