Tag: Organization of Petroleum Exporting Countries

Oil held near $55 a barrel as traders who were once certain OPEC and Russia would extend their output cuts ...

Mohammad Barkindo, OPEC Secretary-General said Monday that the oil market is re-balancing at a quickening pace and production cuts are ...

The organization of Petroleum Exporting Countries (OPEC) has forecasts in a new report that global demand for its crude will ...

Bijan Namdar Zanganeh, Iran’s Oil Minister said OPEC’s commitment to cutting production to clear a global glut is working, but ...

OPEC and its allies indicated that they’ll wait a bit longer to see if further action is required in their ...

Minister Issam Almarzooq, Kuwait’s oil minister said OPEC and allied oil producers will keep reviewing options for their agreement to ...

Jose Maria Botelho de Vasconcelos, Angola’s Petroleum Minister said it is essential for the southern African nation’s economy that oil ...

Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer ...

By Grant Smith Since its creation more than half a century ago, OPEC has become the textbook case of a successful cartel. The ...

Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts ...