The Organization of the Petroleum Exporting Countries, aka OPEC, and its allies on Friday agreed to reduce overall production levels by another 500,000 b/d from January through March.
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Indonesia to Rejoin OPEC in December
After a seven year absence, Indonesia will reportedly rejoin the Organization of the Petroleum Exporting Countries (OPEC) in December.
October 16, 2015
OPEC Says U.S. Oil Production Shows Signs of Slowing
The Organization of the Petroleum Exporting Countries (OPEC) said U.S. oil production “has shown signs of slowing,” and it projects that the total amount of oil produced outside the 13-nation cartel in 2016 will grow by only 160,000 b/d, due in part to production slowing in the United States.
September 14, 2015
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