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Organization of the Petroleum Exporting Countries

Organization of the Petroleum Exporting Countries latest

OPEC Recommends Additional Curbs on Oil Output As Coronavirus Saps Demand
February 9th, 2020 - 10:39 GMT

OPEC Recommends Additional Curbs on Oil Output As Coronavirus Saps Demand

A committee appointed by the OPEC club of oil-producing countries and its allies to study the effects of coronavirus recommended additional output cuts on Saturday, Algeria's energy minister said. "The coronavirus epidemic has had a negative impact on economic activity, notably in transport, tourism and industry, particularly in China," Mohamed Arkab, who is also president of the conference of the Organization of the Petroleum Exporting Countries, said in a statement ...
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Saudi Oil Exports Soar to 7.37 Million bpd in November 2019
January 22nd, 2020 - 10:56 GMT

Saudi Oil Exports Soar to 7.37 Million bpd in November 2019

(AFP/ File Photo)
January 16th, 2020 - 10:15 GMT

Is Russia, UAE in Cahoots of Postponing The OPEC+ March Meeting?

Despite US-Iranian Tension, Saudi Arabia Wants Sustainable Oil Prices
January 14th, 2020 - 08:00 GMT

Despite US-Iranian Tension, Saudi Arabia Wants Sustainable Oil Prices

Gold Prices Soar to 7-Year High Due to Geopolitical Friction
January 6th, 2020 - 12:30 GMT

Gold Prices Soar to 7-Year High Due to Geopolitical Friction

Iranians gather around a charred police station that was set ablaze by protesters during a demonstration against a rise in gasoline prices in the central city of Isfahan on November 17, 2019. (AFP/ File Photo)
November 19th, 2019 - 07:39 GMT

Iran's Intelligence Boss Warns of Cracking Down on Fuel Protesters

Report: Oil Production, Market Share to Fall in the Coming Years
November 12th, 2019 - 09:17 GMT

Report: Oil Production, Market Share to Fall in the Coming Years

Brazil would be the most significant producer in years to join OPEC, founded in 1960.
October 31st, 2019 - 08:20 GMT

Brazil Keen on Joining OPEC

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) has granted Nigeria a higher oil output target under an OPEC-led supply cut deal.
October 10th, 2019 - 06:57 GMT

Oil Prices Fall Amid No Significant Progress in US-China Trade Talks

The purpose of the MoU is to establish and strengthen cooperation in order to carry out activities and share experiences, views, information and best practices in areas of mutual interest.
October 8th, 2019 - 07:39 GMT

OPEC Inks Deal With GECF to Strengthen Cooperation

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 election to pick OPEC’s secretary general is scheduled to be held in Vienna on December 4, with Iran, Iraq and Saudi Arabia vying for the post
July 28th, 2013 - 01:55 GMT

Iran's high chance of winning OPEC chairmanship

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