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OPEC

OPEC latest

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

Saudi Arabia's crude oil exports in November 2019 rose 4.4 percent to 7.37 million barrels per day (bpd), from 7.06 million bpd in October, official data showed on Monday. However, the country's crude output fell by 412,000 bpd to 9.89 million bpd in November, while crude stocks fell by 1.07 million barrels to 167.01 million barrels, data from the Joint Organizations Data Initiative (JODI) showed. Led by de facto leader ...
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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

After the attack on the Saudi oil facilities, the Russian oil production was relatively high.
October 2nd, 2019 - 11:30 GMT

Oil Price to Remain Steady on Middle East Tension, Global Downturn

The government will turn to foreign financial institutions of which it is a member to fund strategic development projects
October 2nd, 2019 - 06:00 GMT

Algeria Plans to Seek Foreign Loans, Cut Public Spending by 9.2 Percent

Exports of gasoline and other oil products started in late August
October 1st, 2019 - 11:00 GMT

Iran Plans to Generate $1.5 Billion Monthly Revenues Out of Gasoline Exports

With the oil cartels market share of the world’s production now tumbling below one-third, there are signs Opec’s significance in global markets is waning.
September 17th, 2019 - 12:30 GMT

What Will Happen to Oil Markets After the Attacks on Saudi Facilities?

Saudi Arabia and Russia called on all producers to comply with oil output cuts under an OPEC-led supply deal.
September 14th, 2019 - 01:00 GMT

Saudi Arabia Continues Its Commitment to OPEC+ Oil Cuts

Despite the OPEC-led cut, oil has tumbled from April’s 2019 peak above $75
September 12th, 2019 - 09:30 GMT

OPEC Cuts 2020 Oil Demand Forecast Due to Economic Slowdown

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 06:44 GMT

New Saudi Energy Minister to Continue a Similar Policy to That of Al-Falih

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