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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.
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Crown Prince Mohammed bin Salman (AFP/File Photo)
October 7th, 2018 - 05:37 GMT

Ahead of US Sanctions on Iran, Bin Salman Assures Trump With 1.5 Million Oil Barrels

OPEC and Russia capped oil output in January 2017 to drive up prices. (Shutterstock)
October 4th, 2018 - 05:14 GMT

Saudi Arabia, Russia Will Not Lower Oil Prices, Despite Trump's Plea

Commodity traders say Brent could rise to $90 per barrel by Christmas and pass $100 in early 2019. (Shutterstock)
September 25th, 2018 - 05:18 GMT

OPEC Defiant Against Trump, Sets Sight on $100 per Barrel

he Iranian minister expressed hope Sunday’s meeting of the OPEC and non-OPEC monitoring committee in Algeria would not be impacted by Trump’s threat. (Shutterstock)
September 24th, 2018 - 07:12 GMT

Iran Accuses Trump of Pressing GCC Oil Producers to Increase Output

Participants gather in the lobby ahead of an informal meeting between members of the Organization of Petroleum Exporting Countries, OPEC, in the Algerian capital Algiers. (AFP)
September 23rd, 2018 - 07:01 GMT

OPEC Summit to Answer the 1.4 Million Barrels Question Ahead of US Sanctions on Iran

Iran is a very important member of OPEC. (Shutterstock)
September 19th, 2018 - 09:37 GMT

OPEC Reaffirms Iran's Membership Ahead of US Sanctions

Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19th, 2018 - 06:53 GMT

OPEC, Non-OPEC Countries to Finalize Permanent Framework Ahead of US Sanctions

The current 4.5 million bpd would only increase to 5 million bpd over the next decade. (Shutterstock)
September 18th, 2018 - 07:10 GMT

Uncertainty Looms on Iraq Oil Production for the Next Decade

OPEC opened the flood gates this summer by increasing crude oil production by 278,000 barrels a day from July to August. (Shutterstock)
September 13th, 2018 - 07:09 GMT

OPEC Ups Production to 278,000 Barrels a Day

The 16.3% increase reflects more favourable conditions for wealth creation despite volatile geopolitics. (Shutterstock)
September 13th, 2018 - 06:39 GMT

Wealth of UHNW Reaches $31.5 Trillion, With Middle East Fourth-Largest Region

Saudi Arabia has been seeking a civilian nuclear agreement with the United States. (AFP)
September 12th, 2018 - 06:02 GMT

US, Saudi Discuss Civil Nuclear Engagement

Iran’s Oil Revenues Rise up to $9.9 Billion. (Shutterstock)
September 11th, 2018 - 08:50 GMT

Iran’s Oil Revenues Rise up to $9.9 Billion

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