Economy, Politic

OPEC meeting

OPEC ministers in Vienna have agreed on oil production levels for their countries and crude-producing nations cooperating with the cartel. After a tense few days, producers jointly decided to start pumping more, so that nations would no longer overshoot the target that was set in November 2016. The group agreed to keep 1.2 million barrels per day (bpd) […]

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Economy, Politic

The Gulf Friends Win Big in OPEC Deal

More oil, you say? Saudi Arabia is set to gain market share from Venezuela and Iran. OPEC’s decision to “strive” to bring compliance with their output deal to 100 percent means that more oil will hit the market in coming weeks. And most of that oil will come from Saudi Arabia at the expense of […]

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