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May 21, 2018
President Trump’s decision to withdraw the U.S. from the nuclear agreement with Iran has generated unease in the markets. The price of Brent crude was close to US$80 per barrel in the days following the announcement, a level not seen in the last four years. The withdrawal from the agreement by the U.S. means the re-establishment of the economic sanctions imposed on Iran
October 3, 2016
The OPEC member countries met in Algeria from September 26 to 28. The goal was to lay the foundations for an agreement to reduce oversupply on the market and raise oil prices. The negotiations ended with a consensus to withdraw 750,000 barrels of crude a day from the market, which would place the cartel's total output at 32.5 million barrels a day.
