Tag: Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of the Petroleum Exporting Countries (OPEC) has stressed the need for a quick resolution of the conflicts between the U.S., Venezuela and Iran. Following geopolitical conflicts, the U.S. has placed sanctions on Iran ...
Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, although prices were prevented from rising further by record U.S. crude output and rising commercial fuel inventories. ...
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. U.S. West Texas Intermediate (WTI) crude ...
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and ...
Oil prices rose to their highest levels since November 2018 on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. U.S. West Texas Intermediate (WTI) crude oil futures pushed through 56 ...
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in ...
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