OPEC Feed Atom

OPEC secretary general conveys condolences to Iran over terrorist attacks

2 years ago

5 January 2024

11:06 AM

Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais, in a message to Iran’s Oil Minister Javad Owji, extended his condolences to Iran on Thursday over the deadly terrorist attacks in the southeastern city of Kerman.

Iraq backs OPEC+ agreement, commitment to voluntary oil cuts

2 years ago

24 December 2023

11:27 AM

Iraq’s Oil Ministry spokesman Asim Jihad affirmed Iraq's support for the OPEC+ agreement and its commitment to voluntary oil cuts, according to the Iraqi News Agency on Friday.

Angola to quit OPEC, reducing membership to 12 countries

2 years ago

24 December 2023

11:25 AM

Angola has said it is leaving the Organization of the Petroleum Exporting Countries (OPEC) with effect from Jan. 1 2024, after exits from Ecuador in 2020 and Qatar in 2019.

Angola leaves OPEC in blow to oil producer group

2 years ago

22 December 2023

12:00 PM

Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices.

Iran’s November oil output rises 7,000 bpd: OPEC

2 years ago

15 December 2023

12:14 PM

Iran produced 3.128 million barrels per day (bpd) of crude oil in November, registering a 7,000 bpd increase compared to the previous month, according to OPEC’s latest monthly report.

Arab OPEC ministers meet in Doha as COP28 discusses phasing out oil and gas

2 years ago

11 December 2023

12:34 PM

OPEC's top Arab energy ministers arrived in Doha on Monday for the 12th Arab Energy Conference as countries clash at the UN's COP28 climate summit over a possible agreement to phase-out fossil fuels.

Russia’s Novak: OPEC+ stands ready to take action

2 years ago

9 December 2023

12:09 PM

Russian Deputy Prime Minister Alexander Novak said on Friday that OPEC+ group of leading oil producers will be ready to make a decision if market situation would require it.

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

2 years ago

7 December 2023

2:48 PM

Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.

Kremlin says OPEC+ cuts will kick in later, confirms Putin to visit Persian Gulf

2 years ago

6 December 2023

12:07 PM

Oil production cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday as it confirmed that President Vladimir Putin would visit the United Arab Emirates and Saudi Arabia on Wednesday.

Saudi Arabia: OPEC+ oil production cuts can continue past March if needed

2 years ago

6 December 2023

12:05 PM

The OPEC+ oil production cuts can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman said, as he pledged the curbs would be delivered in full.

OPEC+ announces additional voluntary cuts to total of 2.2m bpd

2 years ago

1 December 2023

12:04 PM

OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.

Iran oil minister lauds ‘favorable’ cooperation between OPEC+ producers

2 years ago

1 December 2023

11:58 AM

Iranian Oil Minister Javad Owji on Thursday praised ‘favorable’ cooperation and understanding between OPEC+ producers.

Brazil set to join influential OPEC+ oil producers’ alliance

2 years ago

1 December 2023

11:56 AM

Brazil will join the influential OPEC+ oil coalition that unites some of the biggest crude-producing nations in the world, according to Brazilian Energy Minister Alexandre Silveira.

Iran elected as OPEC conference alternate president in 2024

2 years ago

1 December 2023

11:53 AM

Gabon and Iran were on Thursday elected as president and alternate president of the Conference of Ministers of the Organization of Petroleum Exporting Countries (OPEC) for 2024, respectively.

OPEC+ ministers meet to discuss oil output cuts for 2024

2 years ago

30 November 2023

12:17 PM

OPEC+ oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional cut and smaller curbs by others, two delegates told Reuters ahead of a virtual OPEC+ meeting on Thursday.

OPEC+ talks continue, no meeting delay currently expected, sources say

2 years ago

29 November 2023

12:38 PM

OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for Thursday currently expected, two sources from the producer group said on Wednesday.

OPEC Head accuses IEA of vilifying fossil fuel industry

2 years ago

28 November 2023

12:26 PM

OPEC Secretary-General, Haitham Al Ghais, on Monday accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy, Reuters reports.

The scale of plans to turn oil into petrochemicals may radically reshape this industry

2 years ago

26 November 2023

12:39 PM

The implementation of Nigeria’s 2024 budget will this week face a major test as negotiations between the country and the Organisation of Petroleum Exporting Countries (OPEC) to raise oil output allocation for next year continue.

OPEC+ moving closer to compromise with African producers, sources say

2 years ago

25 November 2023

12:28 PM

OPEC+ is close to resolving a dispute over output quotas that forced the group to postpone a pivotal meeting, as it reviews the demands made on African members by an earlier deal.

OPEC gains India oil market share in October, Russia slips

2 years ago

22 November 2023

5:08 PM

OPEC's share in India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed.

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Latest News of Oil, Gas and Petrochemical industry

OPEC Feed Atom

OPEC secretary general conveys condolences to Iran over terrorist attacks

Iraq backs OPEC+ agreement, commitment to voluntary oil cuts

Angola to quit OPEC, reducing membership to 12 countries

Angola leaves OPEC in blow to oil producer group

Iran’s November oil output rises 7,000 bpd: OPEC

Arab OPEC ministers meet in Doha as COP28 discusses phasing out oil and gas

Russia’s Novak: OPEC+ stands ready to take action

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

Kremlin says OPEC+ cuts will kick in later, confirms Putin to visit Persian Gulf

Saudi Arabia: OPEC+ oil production cuts can continue past March if needed

OPEC+ announces additional voluntary cuts to total of 2.2m bpd

Iran oil minister lauds ‘favorable’ cooperation between OPEC+ producers

Brazil set to join influential OPEC+ oil producers’ alliance

Iran elected as OPEC conference alternate president in 2024

OPEC+ ministers meet to discuss oil output cuts for 2024

OPEC+ talks continue, no meeting delay currently expected, sources say

OPEC Head accuses IEA of vilifying fossil fuel industry

The scale of plans to turn oil into petrochemicals may radically reshape this industry

OPEC+ moving closer to compromise with African producers, sources say

OPEC gains India oil market share in October, Russia slips