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.

The Putin-Bandar meeting was injected with threats of a “dramatic turn of events” in Syria (Photo Credit: Getty images).

August 27th, 2013 - 10:31 GMT

Futile or dangerous? Saudi Arabi attempts to seduce Russia with lucrative oil and gas deal

While the IEA expects the US to gradually become independent of oil imports, it also predicts Asian countries to end up consuming up to 90 per cent of the oil produced in the GCC region.

August 18th, 2013 - 12:32 GMT

Will the Middle East continue to dominate the oil market?

Brent crude oil rose toward $110 per barrel Tuesday after oil exports from Libya fell to their lowest for two years, heightening supply worries ahead of scheduled cuts in output from fellow OPEC member Iraq.

August 14th, 2013 - 08:23 GMT

Shortages in Libyan and Iraqi oil production raise world prices

Iraq builds pipelines and storage terminals in its $1 trillion planned infrastructure program

July 30th, 2013 - 08:17 GMT

A brief history of Iraqi oil- and its future

The election to pick OPEC’s secretary general is scheduled to be held in Vienna on December 4, with Iran, Iraq and Saudi Arabia vying for the post

July 28th, 2013 - 01:55 GMT

Iran's high chance of winning OPEC chairmanship

The current range of oil prices very palatable, neither too cold nor too hot in terms of likely revenue generation

July 28th, 2013 - 11:22 GMT

Oil Speculation: Always Tricky

3Q quarter-on-quarter oil demand has risen by 1.1 million barrels per day (mbpd) on average

July 22nd, 2013 - 06:00 GMT

Seasonal crude rush: oil prices rise

The budget is expected to have recorded a massive surplus as oil prices averaged a record $107 per barrel for the fiscal year

July 21st, 2013 - 05:56 GMT

Kuwait may boast budget surplus

Kuwait is pumping around 3 million barrels per day of oil

July 16th, 2013 - 11:26 GMT

Kuwait discovers new oil field

Iraq supplied 24.04 million tons of crude oil in 2012-13

July 14th, 2013 - 08:55 GMT

Iraq has offered three oilfields to India on nomination basis: Moily

OPEC's report is the second of this month's trio of oil supply and demand forecasts to emerge

July 11th, 2013 - 11:55 GMT

OPEC to lose market share to shale oil in 2014

Two girls look out at the Doha skyline. Qatar's hydrocarbon growth is not what it used to be. But its non-oil growth has shot to over 10 percent (Albawaba/J. Zach Hollo)

July 2nd, 2013 - 08:48 GMT

Why Barclays approves expansion in the GCC