Tag Archives: Persian Gulf Countries

Production in U.S. hit a record of more than 12 million bpd in February.

Consumer countries see that a price between $60-70 is a good price for everyone.

The UAE’s output at the end of January according to secondary sources cited by OPEC was 3.078 million bpd.

India has already built 5.33 million tons of underground reserves in three locations.

US oil production has more than doubled over the past decade.

Saudi Aramco’s gas development programme is expected to attract as much as $150 billion in investment over the next decade.

Saudi Aramco is expected to issue its initial public offering (IPO) within two years.

Both countries agreed to continue coordinating steps on the global oil market in the OPEC+ format.

Imports stood at 3.38 million tons worth $5.52 billion. down 38.33% and 32.56% in tonnage and value respectively YOY.

The statement presented by the UAE in OIC’s final day is completely invalid.