Tag Archives: Saudi Arabia

Iran’s crude oil and condensate exports rose three percent month-on-month in January.

we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level

.OPEC’s agreement lasts for six months. with the goal of shrinking bloated oil inventories that are keeping a lid on prices

.Production increased throughout 2016. rising from 2.94 million bopd in January to 3.7 million bpd by November

.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers

.The US imported about 3 million barrels a day from OPEC last year

Saudi Arabia’s output cuts are just the beginning of a trend that is expected to last for months and years to come.

An implementation rate of 75% would be higher than the level OPEC typically achieved in the past.

Russian oil producers achieved a major milestone in 2016.

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.