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

Both Moscow and Riyadh said cooperation would continue beyond the current agreement.

Traders covered short positions ahead of OPEC and some of these have now been re-established.

Production at Sharara had dropped earlier this month due to technical problems.

For all OPEC members. $55 [per barrel] and a maximum of $60 is the goal at this stage.

The pain for OPEC will increase to such a point that 100% compliance is unrealistic.

Last December. Russia and 10 other non-OPEC nations agreed to join OPEC'.s output cuts for the first time in 15 years.

Iran boosted its crude exports to South Korea by 104.5 percent in January. February and March.

Non-shale non-OPEC production. which has been resilient so far. is likely to require material reinvestment in new and existing projects over the coming years.

SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.

We need to shift our focus to speeding up the development of shared oil and gas fields.