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

Iran is now pumping around 3.8 million barrels per day of oil and condensate.

Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems.

The oil price in the beginning of 2016 plunged to below $30. but currently it is around $55.

Saudi Arabia and the UAE. are trying to reduce their reliance on oil and generate more power from the sun.

South Korea'.s Iranian crude oil imports in December soared nearly eight times more than a year ago.

The price of OPEC'.s basket of 13 crudes stood at $52.30 a barrel on Thursday. the 13-member organization said in a statement.

The OPEC agreement is expected to leave a positive effect on Iran'.s oil revenues.

Iranian crude and condensate exports last month hit a five-month low of around 2.34 million bpd.

Russian companies have reportedly signed deals to study seven Iranian oil and gas reservoirs.

Trump and his administration are a serious challenge for our country.