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

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.

Iran is on the top rank of gas reserves and the fourth rank of oil reserves in the world.

Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.

Imports into China from non-OPEC countries has risen from just 34 percent to 43 percent over the last five year.

Saudi Aramco plans to supply full volumes of crude to least six buyers in Asia in May.

EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.