Organisation of the Petroleum Exporting Countries - OPEC

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OPEC agrees to extend oil output cut to March 2018

OPEC agrees to extend oil output cut to March 2018

Thursday, 25 May 2017 3:48 PM

Members meeting in Vienna agree to prolong their accord for another nine months

Oil resumes gain toward $52 ahead of OPEC meeting

Oil resumes gain toward $52 ahead of OPEC meeting

Thursday, 25 May 2017 9:37 AM

Crude has climbed as Saudi Arabia and non-OPEC member Russia rally support for an extension into 2018 of the output-cut deal

How Saudi Arabia blundered into OPEC oil cut

How Saudi Arabia blundered into OPEC oil cut

Wednesday, 24 May 2017 8:31 PM

Bloomberg View's Leonid Bershidsky on why the Gulf kingdom should have stuck to policies of former oil minister

OPEC moves closer to agreeing extension to oil output cut

OPEC moves closer to agreeing extension to oil output cut

Wednesday, 24 May 2017 4:57 PM

Ministerial committee recommends another nine months of cuts through to March 2018

Iraq paves way for OPEC deal with support for nine more months

Iraq paves way for OPEC deal with support for nine more months

Tuesday, 23 May 2017 9:48 AM

OPEC’s second-largest producer had previously favoured prolonging the historic deal by just six months

Oil price continues to rise as Saudis see output curbs into 2018

Oil price continues to rise as Saudis see output curbs into 2018

Monday, 22 May 2017 10:35 AM

Oil has climbed as Saudi Arabia and non-OPEC member Russia rally support for extension to the output-cut deal

Euro hits six-month dollar high, as oil continues to soar

Euro hits six-month dollar high, as oil continues to soar

Tuesday, 16 May 2017 6:19 PM

Markets react after Russia, Saudi Arabia said they could an output cut into next year

Kuwait backs call to extend oil output cuts

Kuwait backs call to extend oil output cuts

Tuesday, 16 May 2017 2:44 PM

Russia and Saudi Arabia on Monday called for extending the deal struck late last year, ahead of an OPEC meeting on May 25

Saudi, Russia seek to extend oil output deal

Saudi, Russia seek to extend oil output deal

Monday, 15 May 2017 2:14 PM

Crude rallied on the prospect a deal to cut global supply will be extended

Russia, Saudi Arabia eye extending oil output reduction deal

Russia, Saudi Arabia eye extending oil output reduction deal

Monday, 8 May 2017 3:50 PM

World's biggest oil producers hint at extension ahead of OPEC meeting later this month

UAE minister sees 'logic' in oil cuts extension beyond June

UAE minister sees 'logic' in oil cuts extension beyond June

Tuesday, 2 May 2017 5:11 PM

Suhail Al Mazrouei says OPEC and oil producers should extend collective production cuts into second half of 2017

UAE's Adnoc to cut oil sales to buyers in June

UAE's Adnoc to cut oil sales to buyers in June

Sunday, 30 April 2017 10:39 AM

The Emirate’s average compliance with the agreement so far in 2017 is 51 percent, says the International Energy Agency

Saudis losing market share following oil cuts

Saudis losing market share following oil cuts

Thursday, 27 April 2017 11:19 AM

Iran, Iraq have gained following the agreed production limits for most OPEC members

Oil industry needs to embrace social media, urges OPEC chief

Oil industry needs to embrace social media, urges OPEC chief

Thursday, 20 April 2017 11:31 AM

Social media has a growing influence on all walks of society, says Barkindo

OPEC 'optimistic' oil output cuts leading to price recovery

OPEC 'optimistic' oil output cuts leading to price recovery

Wednesday, 19 April 2017 2:07 PM

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months

Major oil firms in Middle East to invest $58bn this year

Major oil firms in Middle East to invest $58bn this year

Tuesday, 4 April 2017 1:52 PM

New BMI report says UAE will be able to achieve 3.5m bpd target by year-end

Oil-output cut by set to be extended by six months

Oil-output cut by set to be extended by six months

Monday, 27 March 2017 9:22 AM

OPEC, non-OPEC joint committee satisfied with progress towards conformity

Kuwait willing to extend OPEC deal

Kuwait willing to extend OPEC deal

Tuesday, 14 March 2017 8:18 AM

"It will speed up rebalancing of the market and will help bring prices to acceptable levels"

Saudi wants oil prices to hit a specific target: sources

Saudi wants oil prices to hit a specific target: sources

Tuesday, 28 February 2017 11:34 AM

Crude prices have risen by more than 14 percent since November

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


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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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