Tag Archives: Persian Gulf Countries

Nigerian supply dropped due to loading delays affecting several of the country'.s crude streams.

The UAE'.s state oil producer and energy ministry pledged to help OPEC and allies meet any market shortages this year.

Trump warned close U.S. allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran.

Kuwait will raise its oil production by 85.000 bopd as part of a recently reached OPEC agreement.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

Trump tweeted on Saturday that he’d gotten an agreement from Saudi Arabia’s King Salman to boost output.

Statement doesn’t confirm Trump tweet that King Salman ``agreed.``

Saudi Arabia cannot add 2mn bpd to the oil market.

Oil prices have been steadily rising since early 2016. when OPEC and non-OPEC producers struck a deal to cut output.

OPEC agreed with Russia and other oil-producing allies this month to raise output from July by about 1 million bpd.