Tag Archives: Production

OPEC and Russia have been cutting production together to support prices since 2017.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.

Growing U.S. supply and a potential economic slowdown this year could cap oil markets.

Despite the high costs. the sale of electric vehicles is set to grow over the coming years.

Russia has held a decades old gas supply monopoly. dating back to the end of World War II. in Europe.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.

Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.

Iran is currently exporting gas to Iraq. Armenia. and Turkey.