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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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Based on the historic increases in energy demand that have accompanied economic growth to date, demand in 2050 could be around three times that of 2000, Pete Voser, chief executive of Royal Dutch Shell said
December 7th, 2011 - 09:39 GMT

Big spending needed to meet future oil & gas demand

The sanctions, the result of Iran's disputed nuclear programme, are placing a burden on foreign oil companies, which are wary of incurring hefty fines for violating the complex regulations
December 6th, 2011 - 05:33 GMT

Iran hopes to lift oil output by 2015

The IMF’s Regional Economic Outlook for the Middle East and Central Asia, placed projects growth in the Middle East and North Africa region, including Afghanistan and Pakistan, at 3.9 percent in 2011, down from 4.4 percent in 2010
December 1st, 2011 - 09:11 GMT

MENA growth outlook ‘mixed’

Oil output from OPEC member Libya has since resumed and risen more rapidly than many expected
November 28th, 2011 - 01:00 GMT

Saudi sees balanced crude market

Al Bawaba
November 28th, 2011 - 12:06 GMT

Saudi sees balanced crude market

The head of the International Energy Agency (IEA) said at the same conference on Sunday that high oil prices - which have remained above $100 a barrel for benchmark Brent crude since February - could hurt the fragile world economy
November 21st, 2011 - 03:32 GMT

Saudi Arabia sees balanced oil market

Oil industry
November 16th, 2011 - 07:20 GMT

Oil barrel price to stay around US$100

The unprecedented activity in the spot tanker market is not driven by any significant increase in OPEC production, but by oil companies looking to take advantage of rock bottom freight rates in an oversupplied market
November 14th, 2011 - 04:42 GMT

Demand for Mideast oil tankers hits record

OPEC estimated its spare capacity would double from that level and reach 8 million bpd in the medium term to 2015 as Libyan supply recovers and as a result of investments by other OPEC countries to expand output
November 10th, 2011 - 09:37 GMT

OPEC raises oil demand view, says risk to downside

Oil
November 10th, 2011 - 07:56 GMT

UAE: Oil barrel price should be $80-100

Saudi Arabia will continue to supply the market with what it needs
November 9th, 2011 - 03:40 GMT

Saudi oil output at 9.4m bpd in October

Kaldany said the IFC would focus primarily on developing the gas, power generation, banking and construction materials industries, but also the agricultural and housing sectors
November 3rd, 2011 - 08:00 GMT

IFC to inject $800 million into Iraq’s private sector

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