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

The upward trend seems to be picking up speed. In April and May. imports surged to more than 180.000 barrels per day on average.

OPEC'.s second largest producer. after Saudi Arabia. Iraq seeks to boost its production capacity to 5 million barrels per day by the end of the year.

Russia has signed the Paris climate pact. but has not ratified it yet.

The two African countries. together with resurgent U.S. shale plays. could raise oil production by 1.6 million barrels a day this year.

Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?

Mohammed bin Salman battles against time to implement ambitious economic reforms.

Russia plans to host a meeting of some ministers from the Organization of Petroleum Exporting Countries and several non-members in St. Petersburg on July 24.

Saudi Arabia ".clearly sees Asia as its backyard and as a center of growth and long-term source of demand.

Iraq is the second-largest member of OPEC after Saudi Arabia.

That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.