Tag Archives: Sanctions

Aramco raised pricing on all grades to Northwest Europe and the Mediterranean region for October.

OPEC'.s next regular meeting is December 3. with non-OPEC partners scheduled to join the talks December 4.

U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.

The second-largest production increase came from Iraq and the United Arab Emirates.

The Nord Stream 2 project involves the construction of two strings of a gas pipeline running from the Russian coast via the Baltic Sea to Germany.

The EU has vowed to fight to preserve the Iran nuclear deal after the US withdrawal in May.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

OPEC’s production rose in August as a recovery in Libyan output helped offset a cut in Iranian exports.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

In August. Russia pumped 11.21 million barrels of crude daily. almost the same as the July daily production rate.