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

For the first time. the exhibition and conference will include the downstream petroleum industry.

Dubai and Oman crude oil prices are respectively $58.77 and $58.70 per barrel. indicating an upswing of $2.51 and $2.56.

Crude benchmarks end the week higher for the fifth straight week despite Friday’s pullback.

Outside the kingdom. the impact will be felt in business. finance and oil markets.

Orbital satellite data suggests that Saudi Arabia’s crude oil inventories have risen slightly since early 2016.

The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.

Other analysts say the actions by MBS could undercut one of his own top priorities.

Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.

OPEC meets at the end of this month and has been widely expected to extend the deal.

US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.