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

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.

Despite the supply adjustment. stocks have continued to rise. not just in the US. but also in Europe.

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