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OPEC operates on consensus. and the production limits have always depended on voluntary compliance.
Read More »Outcomes of the OPEC Meeting
The Agreement will not Indicate Particular Volumes
On June 22-23. OPEC + participants will meet in Vienna to discuss options for further implementation of the transaction.
Read More »Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »Total Extends Algeria Gas Exploration Contract
In 2017. Total produced 15.000 barrels of oil equivalent per day (boe d) in Algeria.
Read More »U.S. oil Exports. on the Rise to China. Face Trade Spat Threat
China has been a key recipient of American oil since a 40-year U.S. ban on exports was ended by then-President Barack Obama in 2015.
Read More »US.-China Trade Fight Leads Global Stocks Lower
Trump unveiled a 25 percent tariff on a list of strategically important imports from China. including cars. promising further measures if Beijing struck back.
Read More »Saudi Arabian and Russian Oil Market Policy to Dominate OPEC summit in Vienna
GCC countries are thinking about the need to replace lost Iranian barrels.
Read More »South Korea Oil Imports Fell to Lowest Level over the Past Two Years
The US president had already emphasized that the regime of sanctions he plans to impose on Iran will be ``at the highest level``.
Read More »China Issues Retaliatory Tariffs against the US
Move comes after White House imposed tariffs on $50 billion of Chinese goods.
Read More »Brent Decline as Saudi. Russia could Support Output Hike
South Korea’s Iranian crude oil imports fell in May to their lowest since January.
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