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

.The EIA had forecast small annual average supply builds in both 2017 and 2018

.Venezuelan Foreign Minister Delcy Rodríguez described Venezuela’s relations with Iran as strategic

Iraq has been the main cause of worry for energy investors ever since OPEC agreed to cut its production in November last year

.Implementation of the output cut by OPEC and non-OPEC suppliers has positively influenced the prices

we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level

.Iran has launched a new project aimed at enhancing production capacity of Abadan Oil Refinery and stabilizing its operation

.Based on the U.S. Congress sanctions. the American oil companies cannot work in Iran

.At the present time. America’s oil production has soared to nine million barrels per day

.The world’s largest oil-consuming country could sell as much as 800.000 barrels per day of crude overseas this year

.OPEC’s agreement lasts for six months. with the goal of shrinking bloated oil inventories that are keeping a lid on prices