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.

In this article, Ellen Wald lists five reasons why oil prices are soaring. (AFP/ File)

November 7th, 2017 - 07:00 GMT

5 Reasons Why Oil Prices Are Soaring (No, It's Not the Saudi Arrests)

Business confidence across the Middle East has fallen to its lowest level since the first quarter of 2016, according to a study. (AFP/ File)

November 7th, 2017 - 05:00 GMT

Business Confidence in Middle East Lowest Since Q1 2016: Study

Oil prices are nearing their highest levels in more than two years on expectations of an oil cut extension. (File photo)

November 5th, 2017 - 06:00 GMT

Oil Prices Near Two-Year High on Hopes of a Cut Deal Extension

The IMF has encouraged GCC countries to increase the pace of their reforms after projecting the worst growth in the region for years. (File photo)

October 31st, 2017 - 06:00 GMT

Gulf Region Staring at Its Worst Growth Since 2009: IMF

Iran's president, Hassan Rouhani. (AFP/ File)

October 30th, 2017 - 11:08 GMT

Iran Expects to Sign More Than $20 Billion of Energy Contracts in 2018

The two sides reached an agreement on opening border crossings and developing ports, roads and border areas. (AFP)

October 23rd, 2017 - 11:40 GMT

Saudi-Iraqi Joint Council Stresses Oil, Trade and Private Sector Partnerships

Saudi Aramco celebrated this week the opening of a new office in India. Here's why it's good news for oil markets. (File photo)

October 11th, 2017 - 07:00 GMT

Opinion: Why Saudi Aramco's New India Office Is Good News for Oil Prices

From 2000 to 2015, India's imports from OPEC nations increased from $2 billion to nearly $140 billion. (AFP/ File)

October 11th, 2017 - 10:52 GMT

Could India Be World’s Next Big Driver of Oil Consumption?

Saudi Aramco this week launched a subsidiary in India. But what is Saudi Aramco exactly looking for in India? (AFP/ File)

October 11th, 2017 - 08:54 GMT

Why Did Saudi Aramco Launch a Subsidiary in India?

King Salman bin Abdulaziz will kick off on Thursday his first official visit to Russia. (AFP/ File)

October 3rd, 2017 - 12:44 GMT

King Salman Visits Russia Thursday, $10 Billion Expected in Joint Projects

According to a new report, Russia could emerge as a global energy superpower in the midst of world chaos. (AFP/ File)

October 2nd, 2017 - 02:22 GMT

Russia Could Be the World's Next Energy Superpower, Says Report

The upcoming referendum on Kurdish independence has the potential to roil both geopolitical alliances and oil markets. (AFP/ File)

September 21st, 2017 - 12:13 GMT

Opinion: Will an Independent Kurdistan Cause a Rift in Oil Markets?