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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 US shale oil revolution (driven by technology and the private sector, not White House dictate) is a game-changer in global energy markets
April 29th, 2014 - 08:05 GMT

With four new mega trends in 2014, are we about to witness a new world energy order?

Al Bawaba
April 21st, 2014 - 07:30 GMT

Burning the candle at both ends: Iraq's pressing energy crisis

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)
April 20th, 2014 - 09:00 GMT

IEA oil forecast revision down, but OPEC countries need not worry

Renewed exports will restore much-needed revenue stream for Libya's weak central government following the 2011 overthrow of Moamer Kadhafi.
April 16th, 2014 - 02:04 GMT

After $14 billion down the drain, Libyan oil is back on the market

Kuwait's refining capacity will reach over 1.4 million bpd from the current level of 930,000 bpd, when the projects are completed.
April 14th, 2014 - 05:45 GMT

Moving forward? Not with diversification at least, Kuwait signs $12 billion worth of oil contracts, tenders others

Oil minister expressed hope that oil production would return to its level in 2005, that is, 4.2 million barrels per day.
April 7th, 2014 - 06:50 GMT

Open for business after all? Iran to skip US permission and export as much oil as it wants

Al Bawaba
April 3rd, 2014 - 03:07 GMT

Are the Gulf economies getting a kick out of the Crimea crisis?

Oil exports are expected to decline as market loosens, bringing the price down this year.
March 30th, 2014 - 09:03 GMT

Time for some frugality? Never! Kuwait's oil exports fall 3%

Al Bawaba
March 24th, 2014 - 11:00 GMT

If it ain't broke, don't fix it: Is it time for OPEC to change?

Al Bawaba
March 23rd, 2014 - 11:24 GMT

It takes two to tango: What will it take to thaw the Saudi-Iran relationship in the current era?

The four Asian buyers together cut oil imports from Iran by 15 percent on the year to an average of 935,862 bpd in 2013, government and industry data showed.
February 16th, 2014 - 03:55 GMT

Going against the tide? South Korea imports from Iran fall by over 50%

OPEC’s report comes a day after the U.S. government’s Energy Information Administration raised its 2014 world oil demand growth forecast by a similar increment.
February 12th, 2014 - 05:12 GMT

Who will win and who will lose? OPEC raises 2014 oil demand forecast

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