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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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OPEC’s second-biggest producer said supply curbs by the cartel haven’t yet achieved their purpose. (Shutterstock)
June 12th, 2018 - 06:21 GMT

OPEC Resistance to Saudi Supply Plan Grows With Iraqi Defiance

This cooperation is aimed at providing balance and stability on the global oil market, the declaration said. (Shutterstock)
June 3rd, 2018 - 08:37 GMT

UAE Signs Partnership Deal With Russia for Oil Markets Stability

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday, 2 June, to discuss OPEC matters. (Shutterstock)
May 30th, 2018 - 10:38 GMT

Saudi, Kuwait and UAE Plan Meeting on OPEC

Prices of petrol have been increased by 14 fils a litre. (Shutterstock)
May 29th, 2018 - 06:45 GMT

Petrol Prices Reach Highest Levels Next Month in UAE

Precious metals, led by gold, have recently been caught in the crosshairs of a rising dollar and US 10-year bond yields climbing through the psychological 3% level. (File Photo)
May 28th, 2018 - 12:00 GMT

Gold Bounces Back to $1,300/Oz as Oil Rally Runs out of Steam

Geopolitical shocks have been a recurrent theme in the international oil market. (Shutterstock)
May 21st, 2018 - 07:52 GMT

Is the Oil Market About to Endure a Rough Ride?

Oil prices briefly rose above $79 a barrel on Tuesday, making the prospect of introducing a new levy in a country unused to taxation is even less appealing. (Pexels)
May 16th, 2018 - 09:00 GMT

Kuwait Postpones VAT on Recovering Oil Revenues

(Shutterstock/File Photo)
May 9th, 2018 - 11:31 GMT

Biting Sanctions on Iran Will Take Effect in November

Financials are 40 per cent of the Tadawul index and the economic reforms has led to a valuation rerating of Saudi bank shares. (AFP)
May 8th, 2018 - 09:00 GMT

Saudi Equities World's Second Best-Performing Stock Market in 2018 After Egypt

As oil prices have risen, Saudi Arabia's drawdown on foreign reserves has eased and now stabilised. (Shutterstock)
May 7th, 2018 - 06:56 GMT

This is Why Saudi Arabia's Oil Reliance Continues

Economies with high income elasticity of demand also have high price elasticities, suggesting oil may be capped at $80/b. (Shutterstock)
April 25th, 2018 - 08:15 GMT

Oil Is on the Boil Again as Price Tops $75 a Barrel

Kuwaiti Oil Minister Bakheet al-Rashidi speaks addresses an oil and gas conference held in Kuwait City on Apr. 16, 2018. Omani and Kuwaiti oil ministers on Monday called on OPEC and non-OPEC producers to continue their unprecedented cooperation to maintain stability in the energy market.
(STR / AFP)
April 20th, 2018 - 03:41 GMT

US President Donald Trump Slams Cartel OPEC for Inflating Oil Prices

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