Tag Archives: Persian Gulf Countries

Qatar and the United States plan to strengthen energy partnerships.

OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

The fiscal deficit continues to narrow in Saudi Arabia.

Russia would eventually agree to cut its oil production.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

The emirate will no longer remain committed to OPEC agreements.

Qatar announced on Monday that it plans to withdraw from the oil producing group.