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.

US crude exports will surpass shipments from Russia and nearly catches up to Saudi Arabia by 2024. (Shutterstock)

March 13th, 2019 - 08:19 GMT

IEA: US to Lead Global Oil Supply Growth to 2024

Oil prices increased on Tuesday as US West Texas Intermediate (WTI) crude oil futures were at $56.28 per barrel. (Shutterstock)

March 6th, 2019 - 11:50 GMT

OPEC to Announce Output Policy in June

OPEC Oil Supply Reaches Lowest in Four Years. (Shutterstock)

March 3rd, 2019 - 08:22 GMT

OPEC Oil Supply Reaches Lowest in Four Years

OPEC has become a battleground for the rivalry between Saudi Arabia and Iran. (Shutterstock)

February 9th, 2019 - 11:28 GMT

Are We Witnessing the End of OPEC?

Saudi Arabia has cut its crude output in January by about 400,000 barrels per day. (Shutterstock)

February 8th, 2019 - 10:38 GMT

Saudi Arabia Cuts Crude Output Below OPEC Target

Brent has bounced back above $60 a barrel and we retain our $70 a barrel forecast for 2019 (Shutterstock)

January 14th, 2019 - 08:16 GMT

Oil Price Average Projected at $70 This Year

Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry. (AFP)

January 9th, 2019 - 08:15 GMT

UAE: OPEC Doesn't Control Oil Prices, the Market Does

OPEC and non-OPEC members agreed in early December to trim production by 1.2 million barrels a day from Jan. 1, in a bid to shore up sagging prices. (Shutterstock)

December 24th, 2018 - 09:35 GMT

OPEC: Oil Prices to Rebalance in 2019

Iraq’s booming oil output has come under increasing scrutiny from other producers. (Shutterstock)

December 18th, 2018 - 07:31 GMT

Iraq to up Its Oil Production to 5 Million Bpd in 2019

The timing of the decision, just few days before the 9th December PGCC Riyadh summit, seems to show the decision is somehow related to the current diplomatic rift between the two states (Shutterstock)

December 11th, 2018 - 01:42 GMT

Qatar's OPEC Withdrawal Hints at Increase of Iran’s Production Share

There has been some global resistance to cuts in OPEC oil production, with US President Donald Trump pushing Saudi Arabia to pump more oil to keep fuel prices low for Americans. (Shutterstock)

December 6th, 2018 - 03:58 GMT

Will OPEC+ Countries Cut Their Oil Output?

"Examining the reasons for Qatar’s exit from OPEC is a necessity,” Zanganeh said, adding that “OPEC has big problems from some oil producers which Qatar is not a part of.” (Shutterstock)

December 6th, 2018 - 03:46 GMT

Iran Wants to Dig Deeper Into Qatar's OPEC Exit

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