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

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.

Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction.

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.