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The amount of crude OPEC is capable of pumping is also set to deteriorate.
Read More »OPEC to be Squeezed by US Shale until Mid-2020s
Saudi Arabia will Cut Oil Exports in April
Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
Read More »Saudi Arabia will Cut Oil Exports in April
Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
Read More »US Pressures India to Stop Buying Oil from Venezuela
The Indian market is crucial for Venezuela’s economy.
Read More »U.S.. China Driving Oil Demand
Production in U.S. hit a record of more than 12 million bpd in February.
Read More »OPEC Output Drops to Lowest Level Since March 2015
OPEC and its partners decided to extend its production cuts till the end of 2018 in Vienna on November 30.
Read More »EU Plans to Set Up Nuclear Security Center in Iran
The European Union plans to establish a nuclear security center in Iran.
Read More »Oil Rises as Investors Focus on Production Cuts
OPEC is likely to push back their decision of whether or not to extend the output cut agreement to June from April.
Read More »Oil Prices Up amid US-China Trade Talks. Supply Cut by OPEC
OPEC exports are off by over 1.5 million barrels per day (bpd) since November.
Read More »NIOC Offering 6th Round of Oil at IRENEX Today
NIOC started oil offering at IRENEX due to the US’s withdrawal from Iran’s nuclear deal and re-imposition of sanctions against Iranian oil sector.
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