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

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

The focus is now to re balance the market.

Russia plans to hold an energy dialogue meeting with OPEC in Moscow on May 31.

Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.

Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.

Russia has promised to cut its daily oil output by up to 300.000 barrels in a gradual manner.

Iran'.s current oil production stands close to 3.8 million barrels per day.

Analysts and experts are now mostly predicting that oil prices will remain below $60 this year.

South Pars is a very advanced project from a technical perspective.

Iraq and Iran are the countries where oil production is expected to see the highest growth over the next decade.