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

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.

The Organization of the Petroleum Exporting Countries meets next on Nov. 30 in Vienna.

The parties will begin work on the project next year. after they will have signed all the legal paperwork later this year. according Novak.

In fact. the threat to OPEC from U.S. shale oil just got more serious as it became clear that the cartel and its partners are planning to extend their own agreement until the end of 2018.

In the last three years. more than 440.000 jobs were wiped out in the industry.

Saudi Arabia and Russia are considering extending the agreement to potentially cover all of next year.