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Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.
Read More »Iran Accuses OPEC Non-OPEC Committee of Trying to Redistribute Crude Oil Output Quotas
OPEC is Doing Best to Supply Market
It’s unfair to say that OPEC is not doing its part.
Read More »Abu Dhabi could Raise Output Capacity by 200.000 bpd in 2018
The UAE'.s state oil producer and energy ministry pledged to help OPEC and allies meet any market shortages this year.
Read More »Iran Asks OPEC Members to Abstain from Unilateral Actions
Iran had been pushing hard for oil producers to hold output steady as U.S. sanctions are expected to hit its exports.
Read More »OPEC Nears Compromise on Oil Output Deal Ahead of Key Vienna Meeting
Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.
Read More »OPEC Set to Achieve Stable Oil Market
The UAE minister said stock levels had dropped significantly since the beginning of 2017.
Read More »Overcompliance of OPEC Members Has Created a Problem
The decision to keep cutting or start ramping up needs to be unanimous.
Read More »Saudi Arabia. UAE. Russia to Discuss Oil Supplies Following US Withdrawal from JCPOA
St. Petersburg International Economic Forum will be held on May 24-26. 2018.
Read More »UAE Energy Minister Plays Down Impact of US Withdrawal from Iran Deal on OPEC
The UAE Energy Minister says not worried about how sanctions on some member countries are going to affect how OPEC deals with things.
Read More »OPEC Oil Capacity ‘Buffer’ to Offsetting Iran Sanctions
A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.
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