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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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Iranian Oil Minister Bijan Namdar Zanganeh (AFP/File)
December 5th, 2018 - 10:32 GMT

Iran Not Happy About Qatar’s Withdrawal From OPEC

Crude oil is not among the list of products facing import duties, but traders said the positive sentiment of the truce also moved crude markets. (Shutterstock)
December 5th, 2018 - 07:44 GMT

Saudi-Russian Agreement Lifts Oil Prices by 5 Percent

Qatar’s decision to exit OPEC will have no major impact on the cartel’s decision-making process, oil output or oil prices in the short term. (Shutterstock)
December 5th, 2018 - 07:03 GMT

On the Heels of Its OPEC Exit, Will Qatar Increase Its Oil Output?

Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning. (Shutterstock)
December 4th, 2018 - 08:48 GMT

The Real Reason Behind Qatar's Withdrawal From OPEC

Such a shift could anger US President Donald Trump, who urged Opec not to cut supply. (Shutterstock)
November 28th, 2018 - 06:11 GMT

OPEC and Partners Might Cut Oil Production by 1.4 Million bpd

The Senate and House have both approved versions of a bill that would authorize the Justice Department to make a case against OPEC. (AFP)
November 25th, 2018 - 06:04 GMT

Trump's Administration Might Sue OPEC for Price Fixing


Top oil producers, meeting in Abu Dhabi on Sunday, demanded new “strategies” based on production adjustments to deal with market discrepancies between high supply and low demand. (Shutterstock)
November 14th, 2018 - 10:57 GMT

With OPEC Announcing Supply Cuts, Oil Prices Recover

U.S. President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production. (Shutterstock)
November 13th, 2018 - 07:36 GMT

Trump Furious Over Saudi Oil Production Cuts Plan

Cooperation between OPEC and non-OPEC members will continue till 2020 to ensure a balanced oil market. (Shutterstock)
November 12th, 2018 - 08:17 GMT

OPEC Trying to Sustain Market Confidence Amidst Global Uncertainties

OPEC's Crude Oil at $75.71 per Barrel. (Shutterstock)
October 30th, 2018 - 09:31 GMT

OPEC's Crude Oil at $75.71 per Barrel

“In my opinion, this violation has taken place under American pressure on the Saudi rulers.” (AFP)
October 24th, 2018 - 05:39 GMT

Iran Accuses Saudi for Violating OPEC Pact Under US Pressure

The current USA administration, since its inception, has been calling for lower prices and attacking any move made by OPEC. Nothing seems to satisfy them. (Shutterstock)
October 21st, 2018 - 06:07 GMT

Opinion: NOPEC Could Happen

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