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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.
Read more
The Deputy Crown Prince refused to be drawn into comments about the US presidential candidate Donald Trump. (File photo)
April 7th, 2016 - 09:42 GMT

Saudi's National Transformation Plan: The Bloomberg interview with Deputy Crown Prince Muhammad Bin Salman, in full

Qatar will be hosting a meeting of OPEC and non-OPEC members on April 17 to discuss oil production.  (File photo)
March 27th, 2016 - 04:50 GMT

Oil producers meeting needs to send a clear message to markets: economists

The power station in south Cairo is under development at a total cost of $1.7 billion to generate 1.950 megawatts. (File photo)
March 17th, 2016 - 12:00 GMT

Kuwait Fund approves $108M loan to Egypt for new power station

Brent and WTI crude currently stand around $39 and $37 a barrel respectively from lows of below $30. (File photo)
March 17th, 2016 - 11:00 GMT

Qatar to host oil production-freeze talks April 17

Up to fifteen oil producing countries, which produce 73 percent of the world's oil, are prepared to freeze their oil production. (File photo)
March 10th, 2016 - 08:00 GMT

Russia to hold oil production-freeze talks late March

Iranian Oil Minister Bijan Namdar Zanganeh speaks at a press conference in the capital Tehran. (AFP/File)
February 24th, 2016 - 07:00 GMT

Iran says assumption that they would freeze oil production is 'a joke'

The current state of play is that both Russia and Saudi Arabia, the number one and two oil suppliers, respectively, are trying to stop Iran from making any further inroads into the global oil market. (Shutterstock)
February 23rd, 2016 - 09:00 GMT

The geopolitics of the Saudi-Russia oil price freeze

Representatives from OPEC countries Qatar, Saudi Arabia, Venezuela, and Russia attend a press conference on Feb. 16, 2016 in Doha, Qatar. (AFP/Olya Morvan)
February 16th, 2016 - 10:52 GMT

Saudi Arabia, Russia agree to freeze oil production

The drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change in the supply-demand balance. (File photo)
February 16th, 2016 - 08:30 GMT

Oil prices on the brink, could drop below sustainable levels

Al Bawaba
February 2nd, 2016 - 09:20 GMT

Coordinated cuts to oil output unlikely despite Venezuelan push

Al Bawaba
January 31st, 2016 - 04:00 GMT

Humanitarian response requires $1.56bn, Iraq says

Al Bawaba
January 26th, 2016 - 02:30 GMT

Is OPEC finally ready to cut production?

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