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OPEC

OPEC latest

Iraqi oil field worker in Basra
June 25th, 2026 - 12:14 GMT
P. Choiaqo

P. Choiaqo

Iraq rethinking its OPEC membership due to oil production limits

ALBAWABA - In a Reuters exclusive report: Iraq, one of the founding members of OPEC, is now considering leaving the organization after Strait of Hormuz disruptions and limited oil production quotes hit the county hard. “Saudi Arabia and ​other OPEC allies should treat this matter with the utmost seriousness. Failing that, Iraq will be compelled to consider all available options,” a senior Iraqi oil ⁠ministry official told Reuters. Iraq’s economy ...
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Saudi-Russian Oil War: Prices Plummet As Market Awaits Trump's Intervention
March 23rd, 2020 - 10:30 GMT

Saudi-Russian Oil War: Prices Plummet As Market Awaits Trump's Intervention

Oil Prices Crash Again to Lowest in 20 Years As Demand Plummets
March 19th, 2020 - 06:59 GMT

Oil Prices Crash Again to Lowest in 20 Years As Demand Plummets

Saudi Arabia to Boost Oil Exports to 10 Million bpd Starting May
March 18th, 2020 - 06:23 GMT

Saudi Arabia to Boost Oil Exports to 10 Million bpd Starting May

Could COVID-19 Cause Long-Term Economic Damage in MENA Region?
March 15th, 2020 - 12:51 GMT

Could COVID-19 Cause Long-Term Economic Damage in MENA Region?

Saudi Arabia Escalates Oil Price War, Flooding Markets with $25-a-barrel oil
March 15th, 2020 - 07:29 GMT

Saudi Arabia Escalates Oil Price War, Flooding Markets with $25-a-barrel oil

OPEC Slashes 2020 Forecasts As Coronavirus Hits Demand
March 12th, 2020 - 10:15 GMT

OPEC Slashes 2020 Forecasts As Coronavirus Hits Demand

Oil Price War: UAE Follows Saudi’s League
March 12th, 2020 - 08:18 GMT

Oil Price War: UAE Follows Saudi’s League

Saudi Arabia Pumps Up Oil Production to Record Level
March 12th, 2020 - 07:14 GMT

Saudi Arabia Pumps Up Oil Production to Record Level

Russia, Saudi Arabia Partnerships to Continue Despite Energy Sector Tensions
March 12th, 2020 - 06:37 GMT

Russia, Saudi Arabia Partnerships to Continue Despite Energy Sector Tensions

The Coronavirus Is Only Partially Responsible for the Stock Markets' Plunge
March 10th, 2020 - 11:59 GMT

The Coronavirus Is Only Partially Responsible for the Stock Markets' Plunge

While Stock Markets Suffer, Gold Prices Keep on Soaring
March 10th, 2020 - 10:13 GMT

While Stock Markets Suffer, Gold Prices Keep on Soaring

UAE, GCC Stock Markets Plunge Amidst Fear of Oil Price War
March 9th, 2020 - 10:24 GMT

UAE, GCC Stock Markets Plunge Amidst Fear of Oil Price War

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