Tag Archives: Persian Gulf Countries

OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.

India. one of the major importers of Qatari gas. is giving more focus on the use of natural gas.

The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.

The agreement has helped raise oil prices to above $80 a barrel and reduce a global oil supply glut.

The Russian leader thanked the Crown Prince for the initiatives on development of Russian-UAE hi-tech cooperation.

Saudi Arabia provided 38.933 million barrels. or 40.3% of the total. Meanwhile. oil from Kuwait came to 9.1%.

The decision to keep cutting or start ramping up needs to be unanimous.

Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by 1 million barrels a day.

Saudi Aramco’s unconventional resources programme covers three areas of Saudi Arabia.

Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.