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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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The index is among the top performers on a global scale, ending the month of June with a 15.1% gain since the beginning of the year. (File/Photo)
July 29th, 2018 - 09:02 GMT

Saudi Stock Market Prospers in First Half of 2018

Iraqi protesters chanting slogans and waving national flags are sprayed with water cannon by security forces in clashes in protests against unemployment and lack of basic services Baghdad's Tahrir Square on July 20, 2018. (AFP/Ahmad Al-Rubaye)
July 23rd, 2018 - 08:43 GMT

Fresh Protests in Southern Iraq, 11 Killed Over Two Weeks

The kingdom's total crude supply to the market in June were even higher than well-head production. (Shutterstock)
July 22nd, 2018 - 08:36 GMT

Saudi Arabia to Drop Crude Oil Exports by Approximately 100,000 bpd

200 protesters gathered at the main entrance of Siba natural gas field on Monday, police and energy sources said, following a week of unrest over poor services. (AFP)
July 17th, 2018 - 10:41 GMT

Protests Against Iraqi Government Continue over Unemployment, Poor Services

The Institute of International Finance (IIF) has raised the projected UAE real GDP growth from 2.1 per cent to 2.4 per cent for 2018 and maintained 2.7 per cent forecast for the next year. (Shutterstock)
July 17th, 2018 - 08:42 GMT

UAE Economy to Improve Due to Higher Crude Oil Prices

Oman’s diversification efforts and the planned completion of major infrastructure projects are indicators to a positive outlook. (Shutterstock)
July 8th, 2018 - 08:55 GMT

IMF: Non-Oil Economic Growth to Increase by Four per Cent in Oman


US sanctions could prove ineffective if rising oil prices largely make up for any lost Iran volumes. (Shutterstock)
July 8th, 2018 - 08:27 GMT

Report: Iran Export Curbs to Increase Oil Price to $9 per Barrel

US President Donald Trump and Saudi Arabia's King Salman during Trump's first overseas presidential trip, in May 2017. (AFP/File Photo)
July 5th, 2018 - 01:24 GMT

Trump Indirectly Threatens Saudi Arabia Over ‘OPEC Monopoly’

The company’s new Asia marker will replace Platts Oman with Dubai Mercantile Exchange (DME) Oman. (Shutterstock)
July 5th, 2018 - 11:12 GMT

Saudi Aramco Changes Asia Crude Oil Price Formula

Iranian President Hassan Rouhani (top- L) and Swiss President Alain Berset (top-R) watch as Iranian Foreign Minister Mohammad Javad Zarif (L) and Swiss Economic Minister Johann Schneider-Ammann sign an agreement in Bern on July 3, 2018. (AFP)
July 4th, 2018 - 09:49 GMT

Iran Threatens to Disrupt Oil Shipments From Neighboring Countries

Oil prices have gained over three per cent since Opec and allies announced on June 22 to raise output to meet production caps set in 2016. (Shutterstock)
July 4th, 2018 - 08:29 GMT

UAE Committed to Boost Oil Output

Brent crude oil fell to $77.82 a barrel on Monday, a drop of $1.41. (Shutterstock)
July 3rd, 2018 - 11:55 GMT

Oil Prices Decline as Supplies Increase From Saudi Arabia and Russia

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