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OPEC At 60: Much Achieved, More Still To Come
...not an exhaustive list, but underscores some of what has been accomplished through cooperation over the decades. The most recent demonstration has been through the Declaration of Cooperation (DoC) that helped restore balance, stability and confidence to the oil market in 2017-19, following the do...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Aramco Putting The Customer First With Asia Crude Pricing Change
...July 2017, the ICE Brent settlement price replaced the BWAVE. All these changes were made with the intent of providing a more reliable, relevant, transparent and liquid crude marker that best serves the interests of Saudi Aramco and our customers. In some cases, as with the decision to replace WT...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
From Glass Box To Smoke-Filled Room: How Rumaila Contract Was Renegotiated
...tural resources. The issue is especially pertinent, as the total Iraqi production according to the contracts awarded in the two auctions of 2009 is projected to be over 12mn b/d by 2017, up from around 2.5mn b/d today. If this were achieved, it would crash the oil price, and Iraqis would get less in...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011