donald trump

Trump urges OPEC not to cut production ahead of Vienna talks
Trump has repeatedly tweeted OPEC, and Saudi Arabia, not to cut production in a bid to keep oil prices low
Oil price climbs almost 5% after Saudi-Russia agreement, US-China truce
The price of Brent crude started recovering from a sharp drop in November, jumping 4.7% in the past week
KSA oil production reportedly near 11 mbpd in November
Industry executives told Bloomberg that the Kingdom hit record levels of production this month
OPEC considering production cuts in 2019
OPEC will meet on Sunday to discuss a course of action for the coming year
These eight countries received waivers on Iranian oil sanctions
Some of Iran's top customers are on the list of countries given temporary waivers
US sanctions against Iran take effect, eight waivers granted
But their effect might be less than previously feared

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Oil & Gas Middle East - December 2018

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