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OPEC

OPEC latest

Iraqi oil field worker in Basra
June 25th, 2026 - 12:14 GMT
P. Choiaqo

P. Choiaqo

Iraq rethinking its OPEC membership due to oil production limits

ALBAWABA - In a Reuters exclusive report: Iraq, one of the founding members of OPEC, is now considering leaving the organization after Strait of Hormuz disruptions and limited oil production quotes hit the county hard. “Saudi Arabia and ​other OPEC allies should treat this matter with the utmost seriousness. Failing that, Iraq will be compelled to consider all available options,” a senior Iraqi oil ⁠ministry official told Reuters. Iraq’s economy ...
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Brent oil almost at $90, highest price since October amid supply concerns and global escalations
April 2nd, 2024 - 08:24 GMT

Brent oil almost at $90, highest price since October amid supply concerns and global escalations

US dominates global oil production
March 12th, 2024 - 12:47 GMT
Osama Ali

US dominates global oil production

Oil Production
March 3rd, 2024 - 09:31 GMT
Osama Ali

Russia declares additional cuts on oil exports and production

Oil prices
February 13th, 2024 - 07:31 GMT

Oil prices rise amid Middle East tensions and uncertainty over interest rate cuts

Brent brand oil
December 29th, 2023 - 12:15 GMT
Osama Ali

Oil plunge at year's end: Unprecedented in 3 Years – What's behind the sharp drop?

Oil prices up on tensions over Dead Sea shipping disruption
December 24th, 2023 - 01:29 GMT

Oil prices up on tensions over Dead Sea shipping disruption

Angola is leaving OPEC over oil cut disputes
December 21st, 2023 - 12:56 GMT

Angola is leaving OPEC over oil cut disputes

Oil prices down against slightly weaker US dollar
December 21st, 2023 - 09:54 GMT

Oil prices down against slightly weaker US dollar

Oil prices up on weaker US dollar, lower stockpiles
December 14th, 2023 - 10:59 GMT

Oil prices up on weaker US dollar, lower stockpiles

COP28 in Dubai divided on fossil fuel phase-out
December 10th, 2023 - 01:01 GMT

COP28 in Dubai divided on fossil fuel phase-out

US dollar steady, oil prices edge higher
December 6th, 2023 - 09:22 GMT

US dollar steady, oil prices edge higher

Oil prices, US dollar steady ahead of OPEC+ cuts
December 5th, 2023 - 09:43 GMT

Oil prices, US dollar steady ahead of OPEC+ cuts

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