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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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With $60 mark already there, some others too are now saying that $50 is in sight
December 14th, 2014 - 05:55 GMT

Oil markets downward spiral 'unbriddled'

Oil prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production
December 10th, 2014 - 05:36 GMT

Kuwait says oil prices 'stuck' at $65, unless OPEC changes it mind

In addition to the inventory situation, the move in oil prices is related to developments in currency markets.
December 10th, 2014 - 02:16 GMT

Dear oil, now what?

The low price scenario is the least favourable to most of the major oil producers but does not represent a catastrophe for the oil industry.
December 9th, 2014 - 03:34 GMT

How many lost battles will it take? Saudi Arabia leads price war on US shale producers

Al Bawaba
December 8th, 2014 - 05:07 GMT

I bet you thought Dubai was not oil dependent! Dubai leads losses as GCC stocks tumble

Al Bawaba
December 7th, 2014 - 12:05 GMT

$750 billion worth of reserves not good enough? Saudi Arabia downgraded to 'stable' over oil crash

Brent crude oil steadied around $70 a barrel on Thursday as investors searched for a stable price range after a near 40 per cent fall since June.
December 4th, 2014 - 11:44 GMT

Oil steadies at around $70 dollars, further fall still possible

 
“The cabinet stressed that the Kingdom’s oil policy is emanating from economic fundamentals,
December 2nd, 2014 - 04:36 GMT

If you say so: Saudi Arabia says oil policy purely 'economic'

Saudi Arabia’s bourse, where petrochemicals account for almost a third of total earnings, took the biggest hit among major markets,
December 1st, 2014 - 03:59 GMT

Panic mode: Gulf stocks 'bleeding'

Both U.S. crude and Brent have fallen for five straight months, oil’s longest losing streak since the 2008 financial crisis.
December 1st, 2014 - 11:43 GMT

How low/long can it go? Oil officially hits 5 year low in longest losing streak since 2008

“The market will dictate the right sustainable and stable price. ... We need to allow enough time for market stability,” he added.
December 1st, 2014 - 05:55 GMT

The tyranny of the minority? OPEC output decision 'not good for all', says Iran

Gulf markets felt the sting of an OPEC decision last Thursday to maintain export quotas
November 30th, 2014 - 09:29 GMT

Dependency's ugly side: Egypt's stocks falter as Gulf markets slide

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