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OPEC

OPEC latest

Saudi Oil Exports Soar to 7.37 Million bpd in November 2019
January 22nd, 2020 - 10:56 GMT

Saudi Oil Exports Soar to 7.37 Million bpd in November 2019

Saudi Arabia's crude oil exports in November 2019 rose 4.4 percent to 7.37 million barrels per day (bpd), from 7.06 million bpd in October, official data showed on Monday. However, the country's crude output fell by 412,000 bpd to 9.89 million bpd in November, while crude stocks fell by 1.07 million barrels to 167.01 million barrels, data from the Joint Organizations Data Initiative (JODI) showed. Led by de facto leader ...
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Brazil would be the most significant producer in years to join OPEC, founded in 1960.
October 31st, 2019 - 08:20 GMT

Brazil Keen on Joining OPEC

They also covered the oil markets.
October 29th, 2019 - 07:30 GMT

Saudi Arabia, US Discuss Oil Market Stability

Oil and gas output stood at 140 mtoe, down from 143 mtoe in January-September 2018.
October 29th, 2019 - 07:00 GMT

Algerian Oil, Gas Export Volumes Drop 9 Percent in First 9 Months

Besides oil and gas, technology, construction and medical equipment were the standout performers as they witnessed double digit growth in terms of combined revenue and profitability.
October 17th, 2019 - 06:42 GMT

Oil,Gas Outperforms Other Sector in Terms of Combined Revenue in 2018

IMF stated that the world economy is slowing to its weakest pace
October 16th, 2019 - 01:00 GMT

IMF Hails Saudi Non-Oil Sector’s Growth

OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020
October 16th, 2019 - 11:00 GMT

OPEC, Allies to Maintain Oil Market Stability Beyond 2020

The UAE Central Bank, last month, revised the country's forecast upward by 0.4 per cent to 2.4 per cent for 2019
October 16th, 2019 - 07:30 GMT

IMF Slashes UAE’s Growth Outlook to 1.6 Percent

Russian President Vladimir Putin attends a meeting with his Turkmen counterpart in Ashgabat on October 11, 2019. (Alexey DRUZHININ / SPUTNIK / AFP)
October 14th, 2019 - 10:33 GMT

Putin in Saudi Arabia, Condemns Aramco Attacks

The appetite for gold as seen through demand for bullion backed exchange-traded funds remains strong.
October 14th, 2019 - 07:00 GMT

Optimism in Trade Raises Oil, Copper While Gold Suffered a Setback

A deeper cut in oil supplies is among options for OPEC
October 12th, 2019 - 09:00 GMT

IEA: Global Oil Markets Recover Quickly From Attacks on Saudi Oil Facilities

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) has granted Nigeria a higher oil output target under an OPEC-led supply cut deal.
October 10th, 2019 - 06:57 GMT

Oil Prices Fall Amid No Significant Progress in US-China Trade Talks

The talks stressed the readiness of the GCC armed forces to confront any terrorist threats or attacks, condemning the recent sabotage attacks in the Kingdom.
October 9th, 2019 - 07:57 GMT

Saudi Arabia Reassures World That It Will Fulfill Oil Needs

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