Organization of Petroleum-Exporting Countries | Al Bawaba

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.

World oil markets are tightening as Chinese fuel demand increases

January 28th, 2013 - 09:18 GMT

Saudi oil drop tightens oil markets

Demand for Opec crude will average 29.07 mbpd in the first half of 2013

January 21st, 2013 - 12:48 GMT

OPEC predicts weaker oil demand for 2013

According to NBK, oil prices will average $100 per barrel over the forecast horizon – a level that allows most GCC governments to finance higher spending without draining their financial reserves

January 21st, 2013 - 07:17 GMT

GCC growth to slow in 2013

OPEC s spare capacity reaching six million bpd by 2015 the highest since the late 1980s

January 20th, 2013 - 12:14 GMT

Algerian hostage crisis causes oil price spikes as fears remain over Saudi Arabian supply

The sanctions have slashed tens of billions off Iranian oil revenues over the past year

January 15th, 2013 - 11:55 GMT

Iran spending spending to defend OPEC role

Iraqi oil exports from the souther Basra terminal was fully restored to 2.35 million barrels per day yesterday

January 13th, 2013 - 10:17 GMT

Oil exports restored from Iraq

The UAE is the second largest economy in the GCC, accounting for 23 percent of GDP

January 13th, 2013 - 08:25 GMT

GCC GDP could be $1.5 trillion with 2013 seeing slower growth

Oil prices above Riyadh’s preferred $100 a barrel but with expectations of slower demand in early 2013

January 6th, 2013 - 11:09 GMT

OPEC output falls as sanctions hit Iranian oil output

Iraq is now OPEC's second highest oil producer, with production rising 24 per cent n 2011

December 30th, 2012 - 07:47 GMT

Iraq now OPEC's second largest oil producer

Oman has beaten all other GCC nations in a World Economic Forum energy league table

December 26th, 2012 - 01:04 GMT

Oman tops GCC energy league

China is driving the demand of GCC-region goods as exports increase

December 24th, 2012 - 09:01 GMT

China driving demand for GCC goods, exports up

Political instability in the MENA region will be one of the key determinants of oil prices in 2013, Barclays say

December 23rd, 2012 - 12:40 GMT

Iraq and Syria key to 2013 oil price