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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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Iran aims to boost oil output as exports hit new highs
August 23rd, 2023 - 11:45 GMT

Iran aims to boost oil output as exports hit new highs

Oil prices slip slightly on China concerns
August 16th, 2023 - 10:19 GMT

Oil prices slip slightly on China concerns

Oil prices rise on surprise rate cuts in China
August 15th, 2023 - 12:03 GMT

Oil prices rise on surprise rate cuts in China

Oil prices dipped despite more cuts by Saudi Arabia, Russia
August 7th, 2023 - 12:42 GMT

Oil prices dipped despite more cuts by Saudi Arabia, Russia

Saudi Arabia boosts oil prices to Asia, Europe
August 6th, 2023 - 11:54 GMT

Saudi Arabia boosts oil prices to Asia, Europe

Oil prices slip near 3-month high
July 31st, 2023 - 12:20 GMT

Oil prices slip near 3-month high

Oil inventories drop amid supply cuts
July 31st, 2023 - 12:01 GMT

Oil inventories drop amid supply cuts

Saudi Arabia oil cuts likely to carry into September
July 27th, 2023 - 12:26 GMT

Saudi Arabia oil cuts likely to carry into September

Oil prices slip on likely Fed, ECB rate hikes
July 24th, 2023 - 11:21 GMT

Oil prices slip on likely Fed, ECB rate hikes

Oil prices steady on lower US, China demand
July 20th, 2023 - 11:33 GMT

Oil prices steady on lower US, China demand

Oil prices rise on demand forecasts, supply cuts
July 12th, 2023 - 08:58 GMT

Oil prices rise on demand forecasts, supply cuts

Oil prices rise on OPEC+ cuts, weaker US dollar
July 11th, 2023 - 09:40 GMT

Oil prices rise on OPEC+ cuts, weaker US dollar

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