OPEC Oil Supply

OPEC | 2018 Oil Supply

OPEC points to larger 2018 oil supply deficit as market tightens Russia’s Energy Minister Alexander Novak, Saudi Arabia’s Energy Minister and OPEC conference president Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producing countries in Vienna, Austria, May 25, 2017. The…

OPEC oil production at nearly 8-year high

  The Organization of Petroleum Exporting Countries pumped the most oil in almost eight years last month, a sign producers are still trying to carve out a bigger piece of the global market, S&P Global Platts says. OPEC’s daily oil production rose by 300,000 barrels to 32.73 million in June, the research group said in…