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

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.

South Korea considerably increased its crude oil imports from Iran in February.

Iraq is committed to cut national crude oil production in line with OPEC'.s agreement .

Within OPEC. Saudi Arabia has shouldered the burden of the production cuts. offsetting poorer compliance by other nations.

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.