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

Production in Mexico has declined for 12 years in a row and this year will be less than 2 million barrels a day.

The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.

Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.

In March. Iran loaded around 2.6 million bpd a day of both crude and condensate.

Crude oil output from Azar field will reach 30.000 barrels per day in four weeks from the present 15.000 bpd.

Saudi support is essential for the 13-member Organization of the Petroleum Exporting Countries to renew its agreement .

OPEC will review policy for the second half of this year at a May 25 meeting.

Most countries want OPEC'.s decision to be extended

Asia'.s fourth-largest economy brought in 12.68 million tons of crude oil in March this year.

Aramco is planning what may be the world’s largest stock sale.