Organisation of the Petroleum Exporting Countries - OPEC

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Aramco IPO could encourage other Gulf states to list oil assets

Aramco IPO could encourage other Gulf states to list oil assets

Sunday, 26 February 2017 9:39 AM

Nasser Saidi, a former economy minister of Lebanon, said Aramco has to address how the company will separate its assets and liabilities from those of the state

Non-OPEC compliance with oil supply curbs improving

Non-OPEC compliance with oil supply curbs improving

Thursday, 23 February 2017 11:27 AM

Organization of the Petroleum Exporting Countries agreed to cut production by 1.8m bpd from Jan. 1 to boost prices and get rid of a supply glut

OPEC chief says confidence has returned to global oil market

OPEC chief says confidence has returned to global oil market

Wednesday, 22 February 2017 9:49 AM

Secretary General Mohammad Barkindo 'cautiously optimistic' on outlook following supply cut deal

OPEC reports big Saudi oil cut, boosting compliance with deal

OPEC reports big Saudi oil cut, boosting compliance with deal

Monday, 13 February 2017 7:43 PM

Top OPEC oil producer makes a large cut in its crude output in January to support prices, lessen glut

Kuwait says oil prices to rise with higher level of output deal compliance

Kuwait says oil prices to rise with higher level of output deal compliance

Monday, 13 February 2017 12:15 PM

Essam al-Marzouq said non-OPEC countries have pre-set commitments and that compliance to the cut would be gradual

UAE expects higher compliance with OPEC, non-OPEC deal, says energy minister

UAE expects higher compliance with OPEC, non-OPEC deal, says energy minister

Sunday, 12 February 2017 3:10 PM

OPEC has delivered more than 90 percent of pledged oil output curbs in January

OPEC figures show over 90% compliance with supply cut

OPEC figures show over 90% compliance with supply cut

Sunday, 12 February 2017 10:24 AM

OPEC is cutting its crude output by about 1.2 million barrels per day

Too early to say if oil output deal should be extended, says Qatar energy minister

Too early to say if oil output deal should be extended, says Qatar energy minister

Wednesday, 8 February 2017 12:35 PM

Mohammed al-Sada said it was too early to say whether it would be necessary to extend the pact beyond June

Oman expects $60-70 oil prices by end-2017

Oman expects $60-70 oil prices by end-2017

Monday, 23 January 2017 3:05 PM

Senior official says this year will mark the beginning of the balance between supply and demand

Output cuts set to lower oil inventories, says Saudi's Falih

Output cuts set to lower oil inventories, says Saudi's Falih

Sunday, 22 January 2017 2:36 PM

Producers have pledged to lower output beginning this month in order to support prices

OPEC points to growing stability in oil market

OPEC points to growing stability in oil market

Thursday, 19 January 2017 10:58 AM

Oil supply surplus has dropped in 2017 as producers comply with last year's accord

Saudi Arabia pledges adherence to oil cut, confident others will

Saudi Arabia pledges adherence to oil cut, confident others will

Monday, 16 January 2017 7:52 PM

OPEC and Russia and other non-members will curtail oil output by nearly 1.8 million bpd, initially for six months

Oil prices will be much more volatile in 2017, says IEA

Oil prices will be much more volatile in 2017, says IEA

Monday, 16 January 2017 12:07 PM

Fatih Birol, executive director of IEA, said he expected 'a rebalancing of the markets within the first half of this year'

Despite Saudi signals, OPEC unlikely to deliver all promised oil cuts

Despite Saudi signals, OPEC unlikely to deliver all promised oil cuts

Friday, 13 January 2017 11:23 AM

OPEC and the independent producers are cutting production to remove a global glut and prop up prices

Saudi keeps February oil exports steady to most buyers in Asia

Saudi keeps February oil exports steady to most buyers in Asia

Thursday, 12 January 2017 9:40 AM

State oil giant Saudi Aramco reduced February term supplies of mainly heavy crude to Indian refiners, as well as to Malaysia's Petronas

Too soon to decide on extending supply deal, says UAE oil minister

Too soon to decide on extending supply deal, says UAE oil minister

Wednesday, 11 January 2017 2:57 PM

Suhail bin Mohammed al-Mazroui says it would be premature to decide whether an agreement should be lengthened

Oil prices edge up on reports of Saudi supply cuts

Oil prices edge up on reports of Saudi supply cuts

Wednesday, 11 January 2017 9:47 AM

Prices for Brent crude futures, the international benchmark for oil prices, were trading at $53.75 per barrel, up 11 cents from their last close

Oil markets torn between Saudi led supply cuts, rising output elsewhere

Oil markets torn between Saudi led supply cuts, rising output elsewhere

Tuesday, 10 January 2017 9:27 AM

Prices for Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $54.99 per barrel, up 5 cents from their last close

OPEC oil output falls from record high ahead of planned cuts

OPEC oil output falls from record high ahead of planned cuts

Thursday, 5 January 2017 5:15 PM

Supply from OPEC in December fell to 34.18 million barrels per day, according to survey

Oil in 2017 seen capped below $60/barrel by strong dollar, US shale

Oil in 2017 seen capped below $60/barrel by strong dollar, US shale

Wednesday, 4 January 2017 9:17 AM

An acceleration in the market rebalancing could be achieved and the process could be completed by mid-2017 if the oil producers group sticks to the terms of the historic OPEC agreement


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Oil prices fall over doubts that non-OPEC producers will cut output

Monday, 10 October 2016 9:18 AM

Organisation of the Petroleum Exporting Countries plans to agree on an output cut by the time it meets in late November.

New Saudi energy minister shows he takes OPEC seriously

Tuesday, 31 May 2016 2:04 PM

Khalid al-Falih turns up in Vienna, three days before the Organisation of the Petroleum Exporting Countries' meeting

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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