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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
Al Bawaba
March 17th, 2015 - 08:12 GMT

Wishful thinking: OPEC says/thinks low oil prices will hit US output by year end

Al Bawaba
March 12th, 2015 - 11:44 GMT

Kuwait, OPEC's oil policy to stick beyond June

A two-thirds drop in Asian LNG prices is making the fuel cost competitive against oil in the industrial power sector.
March 9th, 2015 - 12:46 GMT

It's never over: Goldman Sachs says oil prices can fall back to $40

Ghamsari said that the oil price wouldn't go above $60/barrel in the next two years.
March 8th, 2015 - 08:30 GMT

A new approach: Iran announces supporting cheap oil for the first time

Al Bawaba
March 4th, 2015 - 02:43 GMT

Nowhere near where it once was: oil 'rebounds' to $62


The exact mechanics of Saudi decision-making have always been obscure, but there is a broad understanding that the king has the final say in a process
March 4th, 2015 - 02:12 GMT

A 'subtle' change: new Saudi King keeps tight grip on oil policy

Iran and Iraq signed an agreement in 2013 under which Tehran would start exporting gas to Iraq to feed three power plants in Baghdad and Diyala.
March 3rd, 2015 - 05:34 GMT

So ready: Iran could begin Iraq gas deliveries in May

Al Bawaba
March 1st, 2015 - 07:44 GMT

'Happy Naimi': Calm Saudi Arabia signals $60 oil price for the long-haul

Chief executives say they are taken aback by the scale and speed of the cutbacks
February 25th, 2015 - 07:25 GMT

US shale goes on a 'crash diet'

Al Bawaba
February 25th, 2015 - 09:35 GMT

An alternate reality: Saudi oil minister says oil demand is growing

Al Bawaba
February 22nd, 2015 - 12:03 GMT

A collasal loss: $200 billion worth of projects cancelled due to low oil prices

Al Bawaba
February 18th, 2015 - 08:25 GMT

Threats are good? Oil prices hit relative 2015 'high'

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