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Organization of Petroleum-Exporting Countries

Organization of Petroleum-Exporting Countries latest

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said.
Read more

Renewables are projected to be the fastest growing fuel source, growing at an average rate of 7.6 per cent per year. (Shutterstock)
January 30th, 2017 - 10:00 GMT

Emerging markets are changing global demand for energy: BP

Withdrawal from the TPP and potential trade wars against Mexico and China will do nothing to help rescue world trade activity, which has been declining alarmingly since the global financial crisis. (AFP/File)
January 30th, 2017 - 05:49 GMT

Trump's ten day shake-up and the economic fallout in the Gulf

OPEC’s 13 members and 11 other producers have trimmed output by more than 1.5 million barrels a day since the deal started this year, out of a pledged 1.8 million (Shutterstock)
January 26th, 2017 - 12:00 GMT

Kuwait to spend $115B in energy over five years, sees oil market balance this year

Members of the press at Davos 2017. (AFP/Fabrice Coffrini)
January 26th, 2017 - 09:41 GMT

Saudi Arabia scored a PR win at Davos 2017

Under the December 10 agreement, producers will lower output by nearly 1.8 million barrels per day (bpd) aiming to ease a global glut that has weighed on oil prices for more than two years.  (AFP/Joe Klamar)
January 23rd, 2017 - 06:30 GMT

OPEC launches oil cut compliance committee

The Report: Qatar 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.  (Shutterstock/Colour World)
January 22nd, 2017 - 05:15 GMT

Qatar's non-oil investments gather pace

Saudi Arabia’s Energy Minister Khalid al Falih at the World Future Energy Summit in Abu Dhabi.  (AFP/Nezar Balout)
January 19th, 2017 - 08:00 GMT

'No need to extend oil production cuts beyond six months': Saudi oil minister

US Secretary of State John Kerry speaks to other conference delegates (Bertrand Guay/Pool/AFP)
January 17th, 2017 - 01:57 GMT

Israelis take to social media to mock Middle East Peace Conference in Paris

Although a lower deficit in 2016 is encouraging, Saudi Arabia faces a tough task to balance its budget by 2020. (File photo)
December 22nd, 2016 - 07:00 GMT

Saudi Arabia's 2017 budget: More spending cuts expected

Russian Oil Minister Alexander Novak (L) arrives for a meeting with his Saudi counterpart in Riyadh on October 23, 2016. (AFP/Fayez Nureldine)
October 24th, 2016 - 04:27 GMT

GCC-Russian energy meeting underway in Riyadh

Saudi Arabia's oil minister outlined the rapidly changing landscape in the energy industry since OPEC last month in Algeria to modestly cut its output. (File photo)
October 23rd, 2016 - 04:09 GMT

Saudi Arabia to expand clean energy options amidst fears of future supply shortfalls


Sectors that have been hit the hardest so far include the private sector oil and gas and construction industries, that are faced by lower investment, project delays, retendering, margin pressure and delays in customer payments. (Shutterstock)
October 19th, 2016 - 11:00 GMT

Gulf GREs can weather dip in oil prices: S&P

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