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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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OPEC's Market Share To Shrink, While Output Boom For Rivals
January 16th, 2020 - 06:51 GMT

OPEC's Market Share To Shrink, While Output Boom For Rivals

Iraq Fears Economic 'Collapse' If US Imposes Oil Cash Restrictions
January 15th, 2020 - 06:29 GMT

Iraq Fears Economic 'Collapse' If US Imposes Oil Cash Restrictions

Despite US-Iranian Tension, Saudi Arabia Wants Sustainable Oil Prices
January 14th, 2020 - 08:00 GMT

Despite US-Iranian Tension, Saudi Arabia Wants Sustainable Oil Prices

UAE to Continue Delivering on OPEC Deal Until Market Is Re-Balanced
November 19th, 2019 - 08:00 GMT

UAE to Continue Delivering on OPEC Deal Until Market Is Re-Balanced

Putin gifts a falcon to Saudi King (Twitter)
October 15th, 2019 - 11:50 GMT

Russian President Hands Saudi King a Smart Gift

Prices climbed for a fourth day running on Monday
September 9th, 2019 - 01:30 GMT

Oil Prices Rise as Saudi Arabia Assigns New Energy Minister

UAE will support any decision taken in consensus within OPEC
September 9th, 2019 - 10:00 GMT

UAE: Oil Producers Committed to Balancing Market

The demand for OPEC crude will average 29.41 million bpd next year.
August 18th, 2019 - 05:29 GMT

OPEC Delivers a Downbeat Oil Outlook for the Rest of 2019

The situation is set to improve during the second half, which may only constitute a hiatus before a new wave of non-OPEC production to the tune of 2.1 million bpd hits the markets.
July 16th, 2019 - 09:09 GMT

Oil Markets Brace for Non-OPEC Supply Increase

Brent crude’s price jumped to $66.72 and WTI’s to $60.21 per barrel.
July 14th, 2019 - 09:00 GMT

OPEC: Oil Prices Increasing Despite Bearish Outlook

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

Saudi Arabia's Energy Minister Khaled al-Falih arrives at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) for meeting on July 01, 2019 in Vienna, Austria.
July 7th, 2019 - 08:28 GMT

Saudi Increased Oil Supply Failed to Offset Iran, Venezuela Losses in June

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