Organization of Petroleum-Exporting Countries | Al Bawaba

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.

Shell’s divestment strategy spells opportunity for the Arabian Gulf’s state owned oil and gas companies.

February 5th, 2014 - 02:21 GMT

How Shells divestment strategy spells opportunity for GCC investors

OPEC reported its lowest output in over two years in December 2013 (File Archive)

February 2nd, 2014 - 12:00 GMT

Thank you Libya? Why OPEC's output is finally on the rise after December low

Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020.

January 30th, 2014 - 08:03 GMT

Beware Saudi Arabia! Iran, Iraq plan to join forces and crash the world's oil market

Al Bawaba

January 26th, 2014 - 12:13 GMT

UAE: President in good health after stroke

Qatar is projected to top economic performance rankings in 2014 for the Middle East North Africa (MENA) region (Courtesy of Arabian Business)

January 14th, 2014 - 01:25 GMT

Economies in transition: Why only the GCC is forecasted to prosper in the Middle East in 2014

Détente with Iran would not only be a major change in the geo-politics of the Middle East, it would potentially generate large economic benefits to Iran and the Gulf countries.

January 13th, 2014 - 03:55 GMT

Iran is taking the region into a new direction and it's time to jump on the opportunity

According to the Paris-based International Energy Agency, supplies from shale oil through the use of fracturing technology can help the US for some time, but it has to turn back to the Middle East down the road to satisfy its growing needs.

January 12th, 2014 - 03:55 GMT

Are we witnessing a "new oil order"?

Kuwait decided for the second year in a row to transfer 25 percent of revenues into the emirate’s sovereign wealth fund, the assets of which are currently estimated at over $400 billion.

January 2nd, 2014 - 03:55 GMT

The usual? Kuwait's budget surplus being eaten away by uncontrolled spending

Saudi Arabia’s oil exports hit 2.66 billion barrels in 2013.

December 31st, 2013 - 06:48 GMT

An upcoming trend or an exception? Only 2014 will tell. Saudi Arabia's oil exports hit $50 billion in 2013

There are fears of an impending oil glut in the market. (Image credit: Shutterstock)

December 29th, 2013 - 06:51 GMT

Iran's aggressive stance ruffles feathers at OPEC

Lower crude oil prices and reduced production might materialize, with the increased possibility of oversupply from OPEC and non-OPEC, which will weigh negatively on oil revenues and will reverse the hefty fiscal and current account surpluses of recent years.

December 26th, 2013 - 05:18 GMT

SAMA's unprecedented role in safegaurding the Saudi economy

“According to the South Sudanese petroleum ministry… oil production in the state of Unity has been shut down, resulting in a loss of production of some 45,000 barrels per day.

December 24th, 2013 - 06:40 GMT

South Sudan violence raises world oil prices