Markets
OPEC maintains crude production during the coming six months

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group President Emmanuel Ibe Kachikwu said after the December meeting of OPEC...

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Consumers Oil Markets Stabilit between Productions and Consumers

Crude Oil now represented less than a quarter of the price oil products in many Countries. Therefore, taxes have more influence over the price of oil products. When oil taxes are raised, end...

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Markets

Even after the Saudi reduction, OPEC output still looks set to outstrip demand in the first half of 2013. OPEC is pumping about 30.2m bpd, while forecasts from the cartel’s economists for the...

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Growth Economic Rates

Growth Economic Rates According to OPEC Reports, the forecast for world economic growth in 2011 remains at 3.9% following off-setting revisions in the US , Japan and Euro-zone. Growth in the...

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Arab Revolutions and Oil Price Scenarios

Libya, which is located in North Africa and next door to revolutionary Tunisia, produces 1.6 million barrels a day (MBD). Libya’s oil production is about 2% of global oil production. Algeria, which...

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