Home / Tag Archives: opec

Tag Archives: opec

Will OPEC plus opt for deeper oil cut?

Will OPEC plus opt for deeper oil cut?

Members of Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna in first week of March 2020. Top of the agenda item is to decide production quotas in the aftermath of coronavirus spread. To arrive at further …

Read More »

Trend to watch in global oil trade in 2020

Trend to watch in global oil trade in 2020

The year 2019 witnessed a mix of some predictable events—such as Organization of Petroleum Exporting Countries (OPEC) and Russia extending their cooperation pact, but a few unpredictable i.e. attacks on Saudi oil facilities and ships carrying oil. Many of the …

Read More »

Healthy economic outlook of GCC countries

Healthy economic outlook of GCC countries

According to the International statistics, the world economy is projected to increase at 3 percent in 2019— a significant drop from 2017-18 for emerging market and developing economies also advanced economies — before recovering to 3.4 percent in 2020. The …

Read More »

Dwindling global commodity prices

Dwindling global commodity prices

Global commodity prices plunged 5.3% on a monthly basis in August, as against 1.5% increase in July. During the month under review global commodity prices dropped in 4 of the last 10 months. The poor performance reflected a sharp drop …

Read More »

What after pushing Iran out of oil market?

What after pushing Iran out of oil market

Many analysts believe that the decision of US President, Donald Trump to end the exemptions regarding buying Iranian crude oil is a double-edged sword. On one hand, he doesn’t want oil prices to go up and on the other hand he is adamant at …

Read More »