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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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Crude prices moved lower on Thursday as tensions surrounding Syria eased, dampening hopes for supply disruption. (AFP/ File photo)
April 12th, 2018 - 05:01 GMT

Oil Prices Back From 3-Year High After Trump’s Tweet, Opec Report

S&P expects the Kingdom to register modest economic growth this year thanks to rising government investment and an improvement in oil prices. (AFP/ File)
April 8th, 2018 - 09:58 GMT

Saudi Arabia's Economic Outlook Remains Stable: S&P

A deal between OPEC and Russia is likely to be on top of the agenda for the next OPEC meeting. (AFP)
March 28th, 2018 - 08:55 GMT

OPEC, Russia Working on Long-Term Oil Pact: Saudi Prince

A ministry spokesperson said Iraq realized an average price of $62.59 for a barrel of its oil in January. (Shutterstock)
February 28th, 2018 - 04:00 GMT

Iraq Exports More Than 100 Million Barrels of Oil in January, 3.5 Million a Day

The Middle East’s GDP is expected to grow 2.9 percent this year, up from just 1.1 percent in 2017. (AFP/ File)
February 27th, 2018 - 04:00 GMT

2018.. Turning Point for Middle East’s Economy?

Prince Alwaleed bin Talal. (Reuters)
February 25th, 2018 - 11:32 GMT

Prince Alwaleed, Khalid Al Falih: Top 5 Most Powerful Men in Saudi Arabia

About 12 Saudi and 9 UAE companies could potentially list on local exchanges in 2018. (AFP/ File)
February 19th, 2018 - 11:47 GMT

Saudi Arabia, UAE to Drive Middle East’s IPOs in 2018

Oil prices continued to rise on Thursday, after a lower than expected rise in U.S. inventories and Saudi renewed commitment to curtail production. (File photo)
February 15th, 2018 - 10:48 GMT

Oil Prices Rise on Thursday on US Inventory Figures, Saudi Comments

Saudi Minister of Energy Khalid Al-Falih. (AFP/ File)
February 15th, 2018 - 10:28 GMT

Saudi Arabia to Double Gas Production in 10 Years: Khalid Al-Falih

Analysts expect a correction in oil to the $59 level of support. See this chart. (Shutterstock)
February 8th, 2018 - 11:38 GMT

Oil Prices to Correct to $59, Say Analysts [CHART]

A weak dollar means the potential for a global currency war is strong. (File photo)
February 7th, 2018 - 12:05 GMT

Opinion: A Currency War Is Taking Shape Around a Weak Dollar

In this article, Ellen R. Wald analyzes the relationship between Khalid al Falih, the Saudi oil minister, and his Russian counterpart Alexander Novak, often referred to as a “bromance”. (Twitter/ Ellen R. Wald)
January 25th, 2018 - 02:28 GMT

Opinion: What's Behind Russia and Saudi Arabia's Oil 'Bromance'?

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