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

Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300.000 bpd.

The Minister intimated to OPEC to “be extremely careful about future market changes.

Barkindo expects global inventories to fall. which would boost prices.

The two sides have agreed to cooperate on the policies of the Organization of the Petroleum Exporting Countries (OPEC).

The first agreement entails the joint development of Parviz Oilfield. which adjoins Iraq'.s Naft Khaneh field and Khorramshahr Oilfield.

NIOC'.s priority is signature of deals under the new framework of oil contracts.

South Korea’s imports of crude oil from Iran doubled in January. the latest figures said.

Iraq is OPEC'.s second-largest producer. after Saudi Arabia.

Iraqi Oil Minister plans to create an oil tanker fleet in order to help the country access global markets.

The inventory trend in the US raises doubts about whether the OPEC production cuts have actually resulted already in a tighter supply situation.