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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
Oil prices at $100 a barrel in New York would not be sustainable given the state of the global economy
November 1st, 2011 - 07:45 GMT

Crude oil prices reasonable at $80-$100

OPEC’s fifth-biggest oil producer, whose air conditioners run cheaply off state-subsidised oil-fired power plants, aims to generate 10 percent of its electricity from sustainable sources by 2020
October 26th, 2011 - 02:25 GMT

Kuwait sets huge renewable energy goal

The GCC, which possess more than 70 percent of OPEC’s oil production capacity, plays a pivotal role in world markets, particularly due to the world financial crisis which has hit the confidence of world economies
October 23rd, 2011 - 06:42 GMT

GCC to meet oil shortages to maintain stable prices

UbiFrance’s Director General Christophe Lecourtier, said the fall of Moammar Gadhafi had provided Paris with opportunities in sectors where it previously had no involvement in the OPEC state, such as tourism and agriculture
October 18th, 2011 - 08:51 GMT

Libyan oil needs $30 billion to reach 3 mbd

The refinery is being restarted safely at this time
October 13th, 2011 - 07:53 GMT

The global oil business news in a brief

Head of the Customs Department, Ibrahim al-Ghanem on Monday called on workers to end their strike
October 12th, 2011 - 01:31 GMT

Customs strike threatens Kuwait oil exports

Al Bawaba
October 11th, 2011 - 01:04 GMT

Libya oil chief optimistic output will return to normal within 15 months

OPEC Gulf Arab producers Saudi Arabia, Kuwait and the UAE, however, have so far shown no sign of concern about falling prices
October 10th, 2011 - 02:41 GMT

Oil price below $90 unacceptable

Al Bawaba
October 10th, 2011 - 12:27 GMT

In brief

The 75-cent rise in Bahrain’s industrial gas prices planned for the start of 2012 is equivalent to the total cost still enjoyed by industrial consumers in neighbouring Saudi Arabia
October 10th, 2011 - 07:13 GMT

Cheap Middle East gas era is over

FDI inflows into the Arab world had already been declining in the face of the global financial crisis, they slumped from $95 billion in 2008 to $66.2 billion last year
October 6th, 2011 - 02:46 GMT

Arab Spring sparks sharp fall in foreign investment

Al Bawaba
October 5th, 2011 - 08:03 GMT

Mideast, Asian economies to propel growth in oil industry

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