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

U.S. sanctions could cut off a lot of Iranian oil trade finance.

Alekperov is Lukoil'.s largest shareholder and owns about a quarter of the firm.

With oil demand at about 1.2 million bpd and production at about 800.000 bpd. investors in Indonesia’s oil and gas sector will have a big supply gap to fill.

Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.

The government'.s latest move allows Baghdad to export crude without depending on Kurdish region.

Under the production agreement. OPEC committed to 32.5 million bpd.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.

OPEC realized the importance of working with Russia two decades ago. but the Russians did not understand the importance of working with OPEC until lately.

OPEC is to meet in November to discuss a possible extension of the deal beyond March.

Crude oil in floating storage is declining. showing that the market is rebalancing.