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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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Saudi Arabia is the number one oil producer in the world
July 1st, 2013 - 09:02 GMT

Saudi exports 1.27 million barrels of oil so far this year

Bahrain parliament
June 26th, 2013 - 09:53 GMT

Bahrain parliament approves 11 pct rise in 2013 budget spending

Artificially low government-controlled prices typical across the energy-rich Gulf region have discouraged new projects needed to meet its rapidly rising demand for natural gas
June 23rd, 2013 - 10:45 GMT

BP agrees retail price for hard-to-pump Oman gas project

Oil tanks
June 16th, 2013 - 10:50 GMT

UAE May oil output up 1.1% over April - IEA

Al Bawaba
June 3rd, 2013 - 12:43 GMT

Qatari business community cautiously optimistic for Q2 2013

US shale oil production has added 850,000 barrels per day to its current production levels
June 2nd, 2013 - 09:08 GMT

Saudi oil exports yield $114bln since beginning of 2013

Kuwait has three refineries with a daily production capacity of around 930,000 barrels
May 29th, 2013 - 09:51 GMT

Kuwait National Petroleum sign $516 contract with South Korea

IPIC has a $659 million facility maturing in June and $2 billion denominated debt maturing in September.
May 27th, 2013 - 12:48 GMT

Abu Dhabi to replay $4bn debt, as crude prices take a dive

(Getty Images photo)
May 27th, 2013 - 09:38 GMT

Kuwait to sink $100bn in energy sector over 5 years

West Texas Intermediate (WTI) fared a little better
May 23rd, 2013 - 10:00 GMT

Crude prices fall to a 10-months low

The IMF said a drop in oil output and lower crude prices would likely result in smaller fiscal surpluses in 2013.
May 22nd, 2013 - 05:06 GMT

Saudi oil output is likely to be lower than its average, Kingdom needs fiscal reforms

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at the headquarters building in Vienna on April 4, 2013 (ALEXANDER KLEIN/AFP/Getty Images)
May 20th, 2013 - 10:51 GMT

OPEC forecasts hike in oil demand

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