LONDON — Oil output in Iran and Venezuela, under U.S. sanctions, has fallen by more than that of other OPEC members party to a supply cut pact, suggesting President Trump’s policies have had a greater impact on oil production than OPEC itself. The sanctions have deepened the impact of supply cuts agreed by the Organization […]Continue reading “GRAPHIC-Trump’s sanctions cut more OPEC oil output than OPEC itself — Financial Post”
Tag Archives: OilPrices
UPDATE 2-OPEC set for oil cut extension if Iran endorses pact — Financial Post
VIENNA — OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy. Read More via UPDATE 2-OPEC setContinue reading “UPDATE 2-OPEC set for oil cut extension if Iran endorses pact — Financial Post”
US Oil Impact on Prices Worldwide
(Source: http://www.businesstimes.com.sg) [NEW YORK] Oil prices fell on Wednesday after a surprising jump in US crude exports to a record 2 million barrels per day fanned worries about global oversupply. US crude stockpiles fell sharply last week, but crude exports rose to 1.98 million bpd, the Energy Information Administration said. US exports have became more […]Continue reading “US Oil Impact on Prices Worldwide”
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