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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
audi Arabia’s domestic consumption needs have soared as its 28-million population enjoys heavily-subsidised petrol and power while its oldest oilfields.
December 24th, 2013 - 06:15 GMT

Are Saudi Arabia's OPEC oil tactics delusional or realistic? Why it's probably the former

Now crude oil production in the United States is expected to rise faster than projected earlier - to a near historic high by 2016.
December 23rd, 2013 - 03:55 GMT

The United States' creeping energy revolution that Middle Eastern oil producers must come to terms with

The biggest challenge for GCC economies will be providing gainful and productive employment for their growing populations.
December 22nd, 2013 - 05:39 GMT

The dilemmas the GCC's economies must grapple with in 2014

With supply soon projected to increase, oil output needs to be cut to keep a lid on prices. (Image credit: Shutterstock)
December 22nd, 2013 - 06:32 GMT

Why Saudi Arabia, Kuwait, Qatar and UAE will all cut oil output

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
December 19th, 2013 - 10:57 GMT

Need an extra $42.4 billion? For this Gulf country, this surplus is a real possibility in 2014

Al Bawaba
December 17th, 2013 - 11:04 GMT

Tackling the preplexing question- what is going on with oil prices?

The global supply of oil in the world is set to rise. (Image credit: Shutterstock)
December 15th, 2013 - 09:35 GMT

Are the prices of oil going to crash in the near future?

Iranian Oil Minister Bijan Zanganeh named the seven in order: Total of France, Royal Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and US companies Exxon Mobil and ConocoPhillips .
December 8th, 2013 - 03:55 GMT

Candid wishlist: Iran is not so subtle when it comes to the oil clients it wants back

Energy ministers from Opec countries agreed yesterday to keep the group’s target for crude output unchanged at 30mn bpd.
December 5th, 2013 - 02:56 GMT

Nothing exciting about the new oil production rate set by OPEC

Iran's Oil Minister Bijan Zanganeh said that Tehran has "no technical difficulties to expand our exports and to return to four millions barrels a day" once political obstacles, referring to sanctions, are lifted (Courtesy of Press TV)
December 4th, 2013 - 06:59 GMT

Iran gears up for OPEC meeting, says Tehran to "immediately" increase exports

NBK cautioned that over the next year or so, the trade balance could shrink a little: oil markets could loosen, putting downward pressure on prices or encouraging OPEC
December 3rd, 2013 - 03:55 GMT

Kuwait's trade surplus makes a jump from 6 to 21 billions dollars

An increased availability of Iranian oil could disrupt the dynamics of the global oil market. (Image credit: Shutterstock)
December 1st, 2013 - 06:48 GMT

Who will be the biggest losers after Iranian oil floods the market?

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