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

Russia has agreed to cut its oil output by 300.000 barrels per day under the OPEC deal signed in Vienna.

The oil market needs more time to start using up stored inventories. which are on the verge of declining.

Many environmentalists and Democrats counter that Obama-era measures were critical to reducing America'.s contribution to climate change.

New contracts with international oil majors will help create thousands of jobs and plough billions of dollars into the key petroleum industry. according to Reza Khayyamian. head of the Society of Iranian Petroleum Industries Equipment Manufacturers. If foreign companies come to Iran`s energy market and sign the (oil) deals. almost …

The regional government is at odds with Baghdad as it is trying to strengthen its grip on local natural resources.

Saudi Aramco. the kingdom'.s state-owned oil behemoth. took 100% control of the sprawling Port Arthur refinery in Texas.

Most of the survey respondents expect Arab Light crude to be cut by 40 cents in June.

OPEC countries agree on extension of the deal. but Iraq and Iran will not be part of it.

The Organization of the Petroleum Exporting Countries (OPEC)meets this month to discuss oil supply policy.

Present volume of Iran’s crude output stands at 3.8 million barrels according to secondary sources.