The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
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The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by…
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further…
OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but…
The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq’s state news agency quoted Saadoun Mohsen, a senior official at…
Since joining the organisation the role of the UAE has remained clear: to increase production, maintain economic growth, achieve diversification through other sources, and reduce costs
Haitham Al Ghais, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) sent a message expressing his condolences over the death of dozens of…
OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite…
Renowned for his extensive experience in the energy and oil sectors both in Kuwait and internationally, the newly appointed Secretary General for the Organization of the Petroleum…
African energy ministers have dismissed the misgivings that the OPEC-mandated cut in oil production was a politically motivated move that they were forced to comply with, arguing…
OPEC+ member states lined up to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia,…
Saudi Foreign Minister Prince Faisal bin Farhan has said that the OPEC+ decision to cut production is purely economic and was taken unanimously by the member states.
US president is re-evaluating the US relations with Saudi Arabia after OPEC+ announced last week that it would cut oil production, White House national security spokesman…
OPEC has decided to decrease its total production starting in November. How will the choice impact gas prices at the local level in the US?
The White House had slammed the OPEC+ decision as “shortsighted” and had accused oil cartel of “aligning with Russia” despite US’ appeals to boost production.
Iran’s permanent Envoy in Vienna-based International Organizations Mohsen Naziri Asl in a meeting with the Secretary General of OPEC Haitham Al Ghais stressed the importance of cooperation…
Gas prices are displayed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing…
23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) reached a consensus in their 33rd meeting with a daily reduction…
The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) started a few minutes ago at the headquarters of the OPEC…