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

Global oil supply fell by 140.000 bpd in April to 96.17 million bpd.

Iran pumped 3.759 million barrels per day in April. trimming 39.000 barrels in daily crude oil production compared to the previous month.

Iran boosted its crude exports to South Korea by 63.5 percent in last month.

The export plan for this year. based on nominations submitted by shippers. will add more oil to the global market.

OPEC agreed to slash the output by 1.2 million barrels per day from Jan. 1.

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.

Sinopec expects to boost foreign investment to more than $30 billion.

This small company could be one of the biggest winners of the coming gold boom.

Russia would keep output cuts of 300.000 barrels per day from the level of October 2016.

In 2017. demand for OPEC crude is projected at 31.9 mb d. around 0.2 mb d higher than in the current year.