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.

Zeidan called for public investment to stimulate the non-hydrocarbons sector, warning of the dangers of failing to diversify.

November 28th, 2013 - 03:55 GMT

The IMF's serious warning to Algeria

But the adequacy of the refining industry cannot be judged by the distillation capacity alone but by the product demand slate and specification.

November 26th, 2013 - 03:55 GMT

Do we have more oil refineries than we need?

Crude futures in New York have slumped 12% since Iranian President Hassan Rohani took office August 1, pledging to end the sanctions crippling his country’s economy.

November 25th, 2013 - 04:38 GMT

Iran deal impact on oil prices "muted"

The Saudi energy industry has to evolve to meet global opportunities and challenges. (Image credit: Shutterstock)

November 21st, 2013 - 06:10 GMT

Should Saudi Arabia be concerned about the USA's growing oil shale output?

Kuwait, a key OPEC member, controls nearly 101 billion barrels of proven oil reserves at around three trillion cubic metres of natural gas.

November 20th, 2013 - 03:55 GMT

Desperate to stay on top, Kuwait pumps billions to raise oil production capacities

Oil prices are projected to remain stable in the long run, according to the report (Courtesy of TIME)

November 17th, 2013 - 10:21 GMT

What does OPEC think about the future of oil?

The International Energy Agency says Iraq’s oil production will fall below three million barrels per day for the first time in six months. Indeed, it could fall by half a million barrels due to long overdue infrastructure work at its southern terminals.

November 17th, 2013 - 09:42 GMT

Are Iraq's oil ambitions going down the drain?

Israeli Prime Minister Benjamin Netanyahu speaks to the press following his meeting with US Secretary of State at Ben Gurion airport near Tel Aviv on November 8, 2013. [Getty Images]

November 15th, 2013 - 11:12 GMT

Netanyahu: Iran can produce atomic bomb

The Fund is expecting the economy to pick up in 2014 as global conditions improve and oil production recovers.

November 14th, 2013 - 11:29 GMT

Yikes, IMF lowers MENA growth forecasts

The return of Iran to the international community would be beneficial for its neighboring countries including the Persian Gulf Arab states, the top international oil executive has said.

November 13th, 2013 - 04:55 GMT

Total totally ready to resume business with Iran

Lower oil prices and decreases in global demand further serve as a "deficit threat" for many Arab states since oil export receipts currently account for 80 percent of government revenues throughout the GCC (Shutterstock)

November 12th, 2013 - 01:06 GMT

IMF warns Arab oil states of projected deficits by 2016

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November 11th, 2013 - 02:31 GMT

Lessons from the OPEC oil embargo 40 years later