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Organization of the Petroleum Exporting

Organization of the Petroleum Exporting latest

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

“$100 is no longer the ideal market price,” he said. “It’s good for producers but too high for consumers, leading to oversupply.”
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Al Bawaba
September 14th, 2000 - 02:00 GMT

Oil Minister: Iraq Scraps Plans to Hike Output by Year End

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