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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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An Austrian soldier stands guard outside the OPEC headquarters in Vienna on November 29, 2016. (Joe Klamar/ AFP)
June 21st, 2017 - 01:22 GMT

Opinion: OPEC Made These 5 Mistakes Between 2014 and 2017

Oil prices steadied near seven-month lows on Tuesday. (File photo)
June 20th, 2017 - 10:44 GMT

Opinion: 8 Reasons Why Oil Prices Could Fall Even Lower in Coming Weeks

The headquarters of QatarGas, the largest LNG producer in the world, in Doha. (Shutterstock)
June 11th, 2017 - 08:00 GMT

Qatar Gas Supplies Not Affected by Crisis: Reports

Russian President Vladimir Putin (L) with Saudi Deputy Crown Prince Mohammad Bin Salman in Moscow, on May 30, 2017. (Sputnik)
May 31st, 2017 - 11:39 GMT

Russia, Saudi Arabia Discuss Oil, War in Syria on Prince's Visit to Moscow

Remarkable leap in crude oil prices are not expected for the rest of 2017. (File photo)
May 25th, 2017 - 11:21 GMT

Oil Prices Won't Be Affected by OPEC Cut Extension: Experts

OPEC members decide to extend the oil production cut. (AFP/ File)
May 25th, 2017 - 10:53 GMT

OPEC Extends Oil Cuts for Another Nine Months

OPEC members will meet on Thursday to discuss the prolongation of the oil cut deal. (AFP)
May 24th, 2017 - 05:00 GMT

Oil Prices Stall Ahead of Pivotal OPEC Meeting

US President Donald Trump submitted a proposal to sell off half of the US oil stockpile as a way to curb the national debt. (AFP/ File)
May 23rd, 2017 - 11:15 GMT

Trump's Proposal to Sell Half of US Reserves Threatens Another Oil Glut

The chaotic scene at OPEC’s ordinary meeting on December 4, 2015. (AFP/ File)
May 22nd, 2017 - 02:06 GMT

Stay, Cut or Hike Production: What Will OPEC Choose to Do?

Kuwait’s oil minister Essam Marzouk has expressed his country’s support for an oil cut deal extension previously agreed by Saudi Arabia and Russia. (AFP/ Yasser Al-Zayyat)
May 16th, 2017 - 11:30 GMT

Kuwait Backs Saudi, Russian Call to Extend Oil Output Cut Into 2018

With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

Saudi Arabia and Russia have agreed to extend the oil output reduction deal for another nine months, until march 2018. (AFP/ Joe Klamar)
May 15th, 2017 - 10:30 GMT

Saudi Arabia, Russia Back OPEC's Oil Output Cut in Joint Statement

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