Saudi raises oil output to please Trump PressTV
PressTV-‘Saudi facing OPEC, capacity limits to up oil production’ A commentator believes Saudi Arabia faces its own oil production limitations to increase the number of barrels per day. The US president thinks this would allow him to impose sanctions on the oil industries of Iran and Venezuela, two of the world's main oil producers, without having to worry about possible price hikes
Riyadh would not be able to increase its oil production in the short term by two million barrels per day as Saudi Arabia is facing oil production limitations and the regulations of the Organization of the Petroleum Exporting Countries (OPEC), says a commentator. The claim that Saudi Arabia is ready to increase its surplus two million barrels of oil production capacity per day to compensate a
OPEC’s Biggest Problem OilPrice
OPEC’s spare capacity is not what it once was, a development that opens up a larger upside risk to oil prices. A constant feature of the oil market is the prospect of unforeseen supply outages
We look at the impacts that OPEC’s decision to limit world oil production to 30 million bpd will have on the oil markets, and why OPEC have made this decision
OPEC : Monthly Oil Market Report 2010
The Monthly Oil Market Report contains a wealth of information, including developments in the world economy, data on oil prices, supply and demand, crude and product stocks and much more. Click below for free downloads of the 2010 reports. December 2010. November 2010. October 2010. September 2010. August 2010. July 2010. June 2010. May 2010
OPEC is committed to reconcile the forecasted rise in hydrocarbon use with a cleaner, safer global environment. The industry has a long history of improving the environmental credentials of oil, in both production and use. This will remain a priority in the future for our NOCs. This also can benefit great deal from NOC-IOC cooperation.
OPEC Reaches Deal to Limit Production, Sending Prices
VIENNA — After years of trying fruitlessly to prop up energy markets, OPEC on Wednesday finally reached a consensus on production cuts, sending oil prices soaring. The problem is, the euphoria
We believe, in OPEC, that it is the duty of all parties in the industry to ensure that the market meets not only today’s needs, but also copes in full measure with demand five or ten years ahead. In other words, I am talking about investment — investment in future production capacity. The starting-point for a sound investment strategy is
PressTV-‘Saudi Arabia doesn’t like raising oil output’
The development came days after the oil-rich Persian Gulf state, which is the world's largest oil exporter, agreed to substantially raise production. The leading OPEC member announced plans to pump a record-high 11 million barrels of oil per day in July, according to press reports.
Iran’s Minister of Petroleum Bijan Zangeneh says there is no spare capacity left for oil producers to pump more, dismissing US President Donald Trump’s pressure on OPEC to ramp up output to bring down prices.