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

In just one month. Iraq turned from cheater to complainer. after clashes in Kurdistan added some geopolitical risk premium to oil prices.

Oil markets are on track to come into balance next year.

Iraq is the second-largest crude oil producer in the OPEC after Saudi Arabia.

Iraq hired Japan’s Toyo Engineering to help build the project.

Iran'.s oil exports have nearly doubled since January 2016.

Russia'.s oil minister told representatives of gas exporting nations that EU and U.S. sanctions against oil exporter'.s are ".unacceptable.".

Many experts and officials are expecting the output cut agreement to be extended.

Very few new LNG projects are expected to come in the earlier part of the next decade.

Saudi Arabia and Russia have been the drivers of the production agreement.

The bulk of Iraq'.s oil is exported via the southern terminals.