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

Tehran agreed to curb its nuclear programme in exchange for lifting of most international sanctions imposed on the country.

Iran needs foreign investment for repairs and upgrading of its oil and gas fields.

Russian oil production declined by 254.000 bpd from April 1-26 compared with the reference level of October.

A number of major Middle East crude producers countries reached an initial agreement last week to extend output cuts beyond their June expiry.

Extension of the OPEC deal in May is quite likely. because OPEC and non-OPEC partners will be under pressure to extend it.

Iraq has started work on the third and final phase of the Halfaya oil field expansion.

Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.

The project is aimed at developing a comprehensive. multi-dimensional and easy-to-use tool for analysing publicly available oil and gas data.

The Bloomberg Dollar Spot Index lost 0.4 percent.

Saudi Arabia. the world'.s top producer ahead of Russia. is responsible for almost one-fourth of the total cuts.