Organisation of the Petroleum Exporting Countries - OPEC

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Oil price drops to near $59 for first time since 2009

Oil price drops to near $59 for first time since 2009

Tuesday, 16 December 2014 2:59 PM

International benchmark Brent crude has almost halved since reaching a 2014 high of $115 a barrel in June

OPEC chief says oil slide 'beyond fundamentals'

OPEC chief says oil slide 'beyond fundamentals'

Sunday, 14 December 2014 3:37 PM

Abdullah al-Badri urges Gulf states to continue investing in exploration and production

Oil price falls to new 5-year low as OPEC sees lower demand

Oil price falls to new 5-year low as OPEC sees lower demand

Wednesday, 10 December 2014 7:09 PM

OPEC forecasts demand will drop to below 29 million barrels per day in 2015 as oil price hits $65

Market, not OPEC, will set fair oil price, says UAE official

Market, not OPEC, will set fair oil price, says UAE official

Tuesday, 9 December 2014 1:29 PM

Prices have fallen more than 40% since June and hit a five-year low of $65 on Tuesday

Saudi Arabia to keep January crude supply to Asia steady

Saudi Arabia to keep January crude supply to Asia steady

Tuesday, 9 December 2014 9:25 AM

The kingdom is maintaining pressure on non-OPEC producers to cut production

Oil expected to rebound next year after post-OPEC sell-off

Oil expected to rebound next year after post-OPEC sell-off

Saturday, 6 December 2014 9:04 AM

Poll of analysts and economists predict increase in prices in 2015 and 2016 after near-40% slump this year

Oil price falls below $72, gives up some of Monday's gains

Oil price falls below $72, gives up some of Monday's gains

Tuesday, 2 December 2014 7:05 PM

Traders voice uncertainty over whether the market had reached a floor or would keep falling

Saudi cabinet says oil policy purely economic in motive

Saudi cabinet says oil policy purely economic in motive

Monday, 1 December 2014 7:41 PM

Statement issued as speculation continues to swirl after last week's OPEC meeting when output was not cut

Breaking News: Dubai drops amidst concern over oil price plunge

Breaking News: Dubai drops amidst concern over oil price plunge

Sunday, 30 November 2014 10:32 AM

Emirate's benchmark dropped 5.87%, while Emaar Properties and Arabtec Holding all declined in early trading

Saudi Arabia wins case for no OPEC output cut

Saudi Arabia wins case for no OPEC output cut

Thursday, 27 November 2014 7:37 PM

Gulf oil producers led by Saudi Arabia override calls from poorer OPEC member for action to halt oil price slide

"We have to live either $80 or with $60," says Kuwait oil minister

Thursday, 27 November 2014 9:12 AM

Oil prices fall to 4-year lows as OPEC production cut looks unlikely

Saudi's al-Naimi sees oil market 'stabilising itself'

Saudi's al-Naimi sees oil market 'stabilising itself'

Wednesday, 26 November 2014 1:08 PM

Oil minister signals he is unlikely to push for major output change as oil price falls to below $79 per barrel

Russian oil tsar to meet OPEC as Saudis keep market guessing

Russian oil tsar to meet OPEC as Saudis keep market guessing

Tuesday, 25 November 2014 4:05 PM

Igor Sechin in Vienna for talks as market awaits response of Saudi Arabia to flagging oil prices

Saudi's Naimi says 'as happy as can be,' brushing off oil price concerns

Saudi's Naimi says 'as happy as can be,' brushing off oil price concerns

Tuesday, 25 November 2014 11:40 AM

Saudi oil minister offered no insight on what the world's biggest oil exporter planned to say to its fellow OPEC members

Don't panic, situation will fix itself, says OPEC secretary-general

Don't panic, situation will fix itself, says OPEC secretary-general

Monday, 10 November 2014 5:18 PM

UAE Energy Minister added price issue was not "a major issue that we need to panic about"

Kuwait oil minister says doesn't think OPEC will cut output

Kuwait oil minister says doesn't think OPEC will cut output

Monday, 10 November 2014 3:03 PM

Oil is unlikely to drop to a level that would hurt the Kuwaiti economy, Omair

Don't panic over oil price collapse, says OPEC chief

Don't panic over oil price collapse, says OPEC chief

Wednesday, 29 October 2014 2:38 PM

Steep drop in oil prices has raised the question of whether OPEC will cut its output to support the market

OPEC oil supply jumps to highest in almost two years

OPEC oil supply jumps to highest in almost two years

Friday, 3 October 2014 10:09 AM

Reuters survey reveals higher output from Saudi Arabia, other Gulf producers amid sub-$100 oil price

UAE says in no rush to change OPEC oil target

UAE says in no rush to change OPEC oil target

Tuesday, 23 September 2014 1:30 PM

Senior UAE energy officials says they will continue to monitor situation after sharp drop in crude prices

Saudi Arabia tells OPEC it cut output in August as oil nears $100

Saudi Arabia tells OPEC it cut output in August as oil nears $100

Wednesday, 10 September 2014 6:14 PM

Top oil exporter reports production of 9.597 million bpd, down from 10.005 million bpd the previous month


Related searches

No output quota changes at OPEC meet - Qatar oil min

Thursday, 19 November 2009 11:25 AM

Organisation of the Petroleum Exporting Countries will meet in Angola on Dec 22.

“Oversupply” causes OPEC to cut production quotas

Monday, 1 January 2007 12:00 AM

The Organisation of the Petroleum Exporting Countries (OPEC) is set to cut 500,000 barrels per day (bpd) from its daily production quota due to massive oversupply, according to a top official.

“Oversupply” causes OPEC to cut production quotas

Sunday, 17 December 2006 4:00 AM

The Organisation of the Petroleum Exporting Countries (OPEC) is set to cut 500,000 barrels per day (bpd) from its daily production quota due to massive oversupply, according to a top official.

Oil prices stable after OPEC meeting

Sunday, 29 October 2006 4:00 AM

Oil prices have remained at around US$58 a barrel despite the Organisation of Petroleum Exporting Countries' (OPEC) announcement last week to cut its daily production by 5% - a total of 1.2 million barrels...

Opec may increase output further to ease oil prices

Tuesday, 30 August 2005 4:00 AM

The Organisation of Petroleum Exporting Countries (Opec) may increase output by 500,000 barrels per day to ease crude oil prices, which reached a record high of US $70.

Opec considers further output hike

Sunday, 27 March 2005 4:00 AM

THE ORGANISATION of the Petroleum Exporting Countries (Opec) is considering a second output hike, just a week after the cartel raised its production quota at a meeting in Isfahan, Iran.

Opec will not cut oil production as prices soar

Sunday, 6 March 2005 4:00 AM

THE ORGANISATION of Petroleum Exporting Countries (Opec), supplier of more than a third of the world’s oil, will not consider cutting production at a meeting in Iran in a fortnight with prices higher than...

Region’s Opec members agree to keep oil production on hold

Sunday, 6 February 2005 4:00 AM

THE ORGANISATION of the Petroleum Exporting Countries (Opec) has agreed to keep oil output limits on hold, content with crude prices touching US$50 a barrel. Crude prices are up about 40% on last year...

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The lion's roar: Ashish J Thakkar's rise from Rwanda genocide to $1bn powerhouse
Twenty years ago the Dubai-based business tycoon watched his parents flee the Rwanda genocide having lost everything — again. Today, the company he started to help get his family back on their feet is a monstrous conglomerate in 22 African countries.

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