logo
Archive

Tag: OPEC

Faltering oil demand puts new pressure on OPEC+ production agreements

It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global…

Russia Sees Oil Above $50 in 2021

Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster…

Saudi Arabia’s Crude Oil Exports Dip To Record Low In June

The world’s top oil exporter, Saudi Arabia, saw its crude oil exports in June drop to their lowest on record at just below 5 million…

Iraq Commits to Deep Oil Cuts as OPEC+ Ramps Up Pressure

Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone…

OPEC + to Increase Oil Production from August 1

OPEC countries + on July 15 concluded that oil demand is recovering and that it is possible to follow the intended course – to increase oil production…

OPEC Announces Forecast for Oil Production in Azerbaijan

OPEC predicts the average daily production of oil with condensate in Azerbaijan in 2020 at the level of 720 thousand barrels, the cartel said in…

OPEC+ preps for next challenge

Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan…

Iraq Looks To Lure Saudi Investment As It Tries To Comply With OPEC+ Deal

Iraq is looking to attract investment from Saudi Arabia in one of its natural gas fields, Iraqi Deputy Prime Minister and Finance Minister, Ali Allawi,…

Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria

Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in…

OPEC Secretary General: Oil Not Out Of the Woods Just Yet

The oil markets are not “out of the woods” just yet, OPEC’s Secretary General Mohammad Barkindo told a virtual panel organized by the Canada-UAE Business…

0

Your Cart