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

Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.

OPEC noted that advances in internal combustion engines has also made them more efficient.

OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.

Saudi rulers likely also would like to keep oil prices stable ahead of the planned IPO of state oil company Saudi Aramco expected next year.

Turkmenistan will observe in the next session on declaration on cooperation in Vienna on November 30.

Moscow is worried about letting prices rise too far. even suggesting that $60 would be enough to justify ditching the output agreement.

There is a general satisfaction with the strategy of 24 countries that signed a declaration of cooperation.

Iraq is holding talks with Iran to truck 15.000 bpd of Kirkuk crude to Iran’s Kermanshah refinery.

Russia and Saudi Arabia are leading a deal between OPEC and non-OPEC producers to cut global oil production. with the aim of propping up oil prices.