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

In 2017. non-OPEC oil supply is projected to grow by 0.84 million barrels per day.

Iraq is OPEC”s second largest oil producer after Saudi Arabia. recording a daily production of 477.5 million barrels per day in 2016.

Iran will continue to rank first to third among main energy players in the world.

The Russian Energy Ministry plans to hold a familiarization tour for colleagues from Saudi Arabia for projects in Siberia in July.

Iran'.s exports to Asia last month were the lowest since February 2016. Reuters'. calculations showed.

Saudi Aramco had cut Arab Light pricing to Asia for the past three months as the kingdom fought to defend sales.

Qatar says move is ".unjustified". and says it carries out its duties in the fight against terrorism.

Russia does not expect the latest regional diplomatic crisis with Qatar to affect an agreement among major producers to cut oil output.

Algeria has announced plans to increase gas output to 141.3 billion cubic meters (bcm) this year and 143.9 bcm in 2018. from 132.2 bcm in 2016.

In the first four months of 2017. the four Asian countries imported 1.8 million bpd. a 40 percent rise from the same period last year.