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Under the production agreement. OPEC committed to 32.5 million bpd.
Read More »Rising OPEC Production Weighs On Oil Prices
China Will `Compel` Saudi Arabia to Trade Oil in Yuan
In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.
Read More »A Stronger OPEC Needs Russia
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.
Read More »Iraq and Iran Boost Oil Exports in Sales Battle with Saudis
OPEC is to meet in November to discuss a possible extension of the deal beyond March.
Read More »OPEC Chief Says Floating Storage Is Shrinking
Crude oil in floating storage is declining. showing that the market is rebalancing.
Read More »OPEC. Others May Take Some Extraordinary Measures in 2018 to Rebalance Oil Market
Barkindo said consultations are under way for the extension of OPEC output cut deal beyond March 30. 2018.
Read More »Saudi Aramco Expands in India
Saudi Arabia is competing with Iraq to be India’s top oil supplier. with Iraq displacing it for a fifth month in a row in August.
Read More »Iran Will Have to Take Bigger Share of OPEC Cuts
The reductions will be on the same terms as those agreed in November.
Read More »Algeria Says Will Not Change Foreign Ownership Limit in New Energy Law
Algeria awarded only four of 31 oil and gas field blocks on offer to foreign consortiums in 2014
Read More »OPEC Unlikely to Lure Asian Producers
In November. OPEC and non-OPEC ministers will discuss the market situation and implementation of a global deal to cut oil production.
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