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

In 2017. non-OPEC oil supply is projected to grow by 0.40 million barrels per day.

According to OPEC’s deal. Iran was allowed to increase its oil output by 90.000 b d to 3.797 mb d in 1H17.

The market is bearish because sentiment has turned

Iran’s oil output is 976.000 b/d more than the 2015 average.

India'.s oil imports from Iran rose nearly 17% in February from a month earlier.

India'.s February oil imports from Saudi Arabia and Iraq were nearly a third lower than the same month a year ago.

Repsol has been actively exploring in Alaska since 2008 and has an additional presence in the Gulf of Mexico.

Saudi Arabia. nevertheless. still remains India’s top supplier

US crude is on track for a drop of more than 7% this week. its biggest weekly fall for five months.

There are concerns that the glut could persist because shale supply.