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

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.

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.