Organization of Petroleum-Exporting Countries | Al Bawaba

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.

The International Monetary Fund urged Kuwait last month to contain public spending to avoid risks from a drop in the price of crude oil which accounts for 94 percent of state revenues.

November 11th, 2013 - 11:24 GMT

Bye bye nanny state, hello Egypt/Jordan style protests? Kuwait to possibly scratch $16 billion worth of subsidies

With no agreement made on Iran's nuclear program, world powers will meet again in one week to continue talks. [timesofisrael]

November 10th, 2013 - 04:28 GMT

No agreement in Geneva on Iran

The country, the world’s third-largest gas producer, is a net importer of the fuel, according to BP’s Statistical Review.

November 5th, 2013 - 12:55 GMT

Iran burning $7billion to lead World's 'gas club'

One of Oman's largest economic sectors is tourism. The Sultanate hopes to have 12 million visitors by 2020 (Courtesy of One Oman)

November 3rd, 2013 - 11:48 GMT

Why this non-OPEC Gulf country is outpacing its GCC neighbors' economies

Whilst oil demand has increased significantly over the past four decades, accessible reserves are actually increasing every year thanks to increased explorations for both conventional and unconventional oil and improved technology such as horizontal drilling

October 28th, 2013 - 07:13 GMT

Will the world run out of oil?

Algeria plays a critical role in the international oil and gas market. It is the third largest natural gas producer in the Arab world after Qatar and Saudi Arabia, the leading gas exporter in Africa and an energy supplier to France, Spain, Italy, Turkey, US and China.

October 22nd, 2013 - 08:39 GMT

Algeria: the Arab World's often forgotten massive oil giant

Out of 148 countries, the World Economic Forum’s Global Competitive Index ranked Lebanon as the worst nation in the world on the quality of its electricity supply.

October 7th, 2013 - 11:42 GMT

Economic review of the ME: Who's growing and who's going downhill?

"I do not think that with this quantity OPEC is in trouble," Badri said.

October 2nd, 2013 - 02:43 GMT

Keep calm and carry on: OPEC's approach to the shale boom

Middle East carriers are expected to post profits of $1.6 billion in 2013.

September 24th, 2013 - 11:04 GMT

Middle East airlines to reap highest profits ever

The Anglo-Dutch major, in charge of operations at the southern Majnoon oil field, said on Friday it aims to boost output to 175,000 barrels per day (bpd) in October.

September 22nd, 2013 - 10:30 GMT

Shell resumes Iraqi production in Majnoon oilfield

The US shale oil boom promises the White House energy independence by 2020 but is already having an impact on its Middle East diplomacy.

September 17th, 2013 - 07:44 GMT

How the Fed, crude, and Syria are changed by shale

The biggest reason for pundits to stay calm and not nervous despite the Libyan outage this time – is the unraveling shale revolution – changing the overall crude perspective.

September 15th, 2013 - 08:07 GMT

It's only the beginning: how the 'shale revolution' is shifting the landscape of global oil production