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Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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بالعربية

Companies > Organisation of the Petroleum Exporting Countries - OPEC

Organisation of the Petroleum Exporting Countries - OPEC

Saudi Arabia Energy Minister, Prince Abdulaziz bin Salman al Saud
China

Saudi Arabia and China strengthen energy ties

by Staff Writer Sat 22 Oct 2022Sat 22 Oct 2022

Saudi Arabia’s energy minister held talks with China and India amid OPEC standoff

Opec+ Saudi oil supply
Posted inEnergy, Commodities, Latest News, Saudi Arabia, World

Opec+ agrees to slash output by 2 million barrels per day

by Staff Writer Thu 6 Oct 2022Thu 6 Oct 2022
Fatih Birol, Chief Economist of the International Energy Agency, (IEA). (LEON NEAL/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Industries, Middle East

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

by Staff Writer Mon 16 Jan 2017Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

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

by Staff Writer Fri 13 Jan 2017Sat 13 Nov 2021
A fisherman pulls in his net as an oil tanker is seen at the port in the northwestern city of Duba April 20, 2013. Picture taken April 20. (REUTERS/Mohamed Al Hwaity)
Posted inAsia Pacific, Energy, Energy, GCC, Industries, South Asia

Saudi keeps February oil exports steady to most buyers in Asia

by Staff Writer Thu 12 Jan 2017Tue 9 Nov 2021
United Arab Emirates Energy Minister Suhail bin Mohamed al-Mazroui. (Ozan Kose/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Middle East

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

by Staff Writer Wed 11 Jan 2017Tue 9 Nov 2021
Prices for Brent crude futures, the international benchmark for oil prices, were trading at $53.75 per barrel at 0316 GMT, up 11 cents from their last close.
Posted inCommodities, Energy, Energy, GCC, Industries, Markets, Markets Commodities, Middle East

Oil prices edge up on reports of Saudi supply cuts

by Staff Writer Wed 11 Jan 2017Tue 9 Nov 2021
(Behrouz Mehri/AFP/Getty Images)
Posted inCommodities, Energy, Energy, Europe, GCC, Industries, Markets, Markets Commodities, Middle East

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

by Staff Writer Tue 10 Jan 2017Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

OPEC oil output falls from record high ahead of planned cuts

by Staff Writer Thu 5 Jan 2017Sat 13 Nov 2021
Posted inAmericas, Energy, Energy, Europe, GCC, Middle East

Saudis order oil cuts to US, Europe before non-OPEC talks

by Staff Writer Fri 9 Dec 2016Sat 13 Nov 2021
(Dmitry Kostyukov/AFP/Getty Images)
Posted inBanking & Finance, Banking & Finance, Energy, Europe, GCC, Middle East

Italian bank to help fund Rosneft deal for Glencore and Qatar

by Staff Writer Thu 8 Dec 2016Tue 9 Nov 2021
(Dmitry Kostyukov/AFP/Getty Images)
Posted inBanking & Finance, Banking & Finance, Energy, Europe, GCC, Industries

Russia sells $11bn stake in Rosneft to Glencore, Qatari fund

by Staff Writer Thu 8 Dec 2016Tue 9 Nov 2021
United Arab Emirates Energy Minister Suhail bin Mohamed al-Mazroui. (AFP/Getty Images)
Posted inEnergy, Energy, GCC, Industries

UAE says optimistic about non-OPEC commitment to cut output

by Staff Writer Wed 7 Dec 2016Tue 9 Nov 2021
Kuwaits acting oil minister Anas al-Saleh. (Yasser al-Zayyat/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Middle East

Kuwait to seek OPEC output cut monitoring meeting in Q1 2017

by Staff Writer Tue 6 Dec 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

OPEC oil output hits record high ahead of deal to cut

by Staff Writer Mon 5 Dec 2016Sat 13 Nov 2021
Omani Oil and Gas Minister Mohamed al-Rumhi. (Nezar Balout/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Industries

Oman to decide on oil output cut plan after upcoming Vienna meeting

by Staff Writer Mon 5 Dec 2016Tue 9 Nov 2021
Posted inAmericas, Energy, Energy, GCC, Middle East

Oil prices may flatline in 2017 on high inventories, says Fitch

by Staff Writer Fri 2 Dec 2016Tue 9 Nov 2021
Russian President Vladimir Putin. (Aleksey Nikolskyi/AFP/Getty Images)
Posted inEnergy, Energy, Europe, GCC, Middle East, Politics, Politics & Economics

Revealed: how Putin, Khamenei and Saudi prince got OPEC deal done

by Staff Writer Thu 1 Dec 2016Tue 9 Nov 2021
Posted inMarkets

Gulf markets firm as OPEC deal lifts state revenue prospects

by Staff Writer Thu 1 Dec 2016Sat 13 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

OPEC agrees first oil output cuts since 2008

by Staff Writer Wed 30 Nov 2016Sat 13 Nov 2021
Saudi Minister of Energy, Industrial and Mineral Resources Khalid al-Falih. (Fayez Nureldine/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Middle East

Saudis signal compromise for Iran as OPEC debates output cut

by Staff Writer Wed 30 Nov 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

by Staff Writer Tue 29 Nov 2016Sat 13 Nov 2021
Posted inEnergy

OPEC makes last-ditch bid to save oil deal as tensions grow

by Staff Writer Mon 28 Nov 2016Sat 13 Nov 2021
Posted inMarkets Commodities

Oil prices regain some ground after steep falls ahead of OPEC meeting

by Staff Writer Mon 28 Nov 2016Wed 3 Nov 2021
IEA director general, Fatih Birol. (Leon Neal/AFP/Getty Images)
Posted inEnergy

IEA expects oil investment to fall for third year in 2017

by Staff Writer Thu 24 Nov 2016Wed 3 Nov 2021
Posted inEnergy

OPEC to debate oil output cut next week but Iraq, Iran hesitate

by Staff Writer Tue 22 Nov 2016Sat 13 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

Saudis threaten to raise oil output again as sparring with Iran returns

by Staff Writer Fri 4 Nov 2016Sat 13 Nov 2021
(Alexander Klein/AFP/Getty Images)
Posted inEnergy, Energy, Europe, GCC, Industries, Middle East

OPEC officials fail to agree on plan to reduce oil production

by Staff Writer Sun 30 Oct 2016Tue 9 Nov 2021
Posted inEnergy, Energy, Europe, GCC, Middle East

Saudi Arabia, Gulf OPEC ‘ready to cut oil output by 4%’

by Staff Writer Thu 27 Oct 2016Sat 13 Nov 2021
Participants attend the opening session of the 15th International Energy Forum in Algiers on September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that could agree to cap supplies. (Ryad Kramdi/AFP/Getty Ima
Posted inAfrica, Energy, Energy, GCC, Industries, Middle East

OPEC strikes first deal since 2008 deal to curb oil output

by Staff Writer Thu 29 Sep 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

Saudis soften oil stance on Iran but OPEC deal still elusive

by Staff Writer Wed 28 Sep 2016Tue 9 Nov 2021
Saudi Arabias minister of Energy Khalid A Al-Falih. (Joe Klamar/AFP/Getty Images)
Posted inAfrica, Energy, Energy, GCC, Middle East

Saudi energy minister dashes hopes for OPEC deal in Algeria

by Staff Writer Tue 27 Sep 2016Tue 9 Nov 2021
Suhail bin Mohammed al-Mazroui, the UAEs energy minister.
Posted inEnergy, Energy, GCC, Middle East

UAE backs output freeze to support oil markets

by Staff Writer Mon 26 Sep 2016Tue 9 Nov 2021
Posted inAfrica, Energy, Energy, GCC, Middle East

OPEC in new push to clinch first deal to curb output since 2008

by Staff Writer Fri 23 Sep 2016Sat 13 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

Saudi Arabia signals it may hit new oil output record in August

by Staff Writer Wed 17 Aug 2016Tue 9 Nov 2021
Posted inAmericas, Energy, Energy, GCC, Middle East

Will OPEC agree to freeze output in September?

by Staff Writer Tue 16 Aug 2016Tue 9 Nov 2021
Saudi Arabias minister of energy Khalid A Al-Falih. (JOE Klamar/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Middle East

OPEC insiders say Saudi Arabia looking to prop up oil prices

by Staff Writer Wed 13 Jul 2016Tue 9 Nov 2021
(Getty Images)
Posted inEnergy, Energy, GCC, Industries

Oil market heading toward a balance as prices start to settle, says Saudi energy minister

by Staff Writer Mon 4 Jul 2016Tue 9 Nov 2021
Posted inEnergy, Energy, Europe, GCC, Industries, Middle East

IEA sees oil surplus re-emerging next year

by Staff Writer Wed 15 Jun 2016Tue 9 Nov 2021
Posted inAfrica, Americas, Energy, Energy, Europe, GCC, Industries

OPEC expects balanced oil market in second half of 2016

by Staff Writer Tue 14 Jun 2016Sat 13 Nov 2021
Posted inAmericas, Energy, Energy, GCC, Middle East

OPEC sees oil glut shrinking in second half of 2016

by Staff Writer Mon 13 Jun 2016Tue 9 Nov 2021
Posted inAmericas, Energy, Energy, GCC, Middle East

Oil price hits eight-month high on disruptions, Chinese demand

by Staff Writer Wed 8 Jun 2016Tue 9 Nov 2021
Saudi Arabia new Energy minister Khalid al-Falih. (MOHAMMED AL-SHAIKH/AFP/Getty Images)
Posted inEnergy, Energy, GCC, Middle East

Cartel or talking shop? OPEC awaits Saudi ruling

by Staff Writer Thu 26 May 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East, Politics, Politics & Economics

Oil price rises above $50 for first time in seven months

by Staff Writer Thu 26 May 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East, Politics, Politics & Economics

Iran-Saudi row threatens any OPEC deal, puts role in question

by Staff Writer Wed 25 May 2016Tue 9 Nov 2021
Qatars Minister of Energy and Industry Mohammed Bin Saleh al-Sada.n(AFP/Getty Images)
Posted inEnergy, Energy, GCC, Industries

Qatari energy minister wants ‘fair’ oil price to push for more investment

by Staff Writer Wed 25 May 2016Tue 9 Nov 2021
A picture shows an oil facility in the Khark Island, on the shore of the Gulf. (STR/AFP/Getty Images)
Posted inEnergy, Energy, Industries, Middle East, Politics, Politics & Economics

Iran has no plans to freeze oil exports

by Staff Writer Mon 23 May 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Industries

Kuwait to raise oil production by almost half by 2020

by Staff Writer Thu 12 May 2016Tue 9 Nov 2021
Anas Al Saleh. (YASSER AL-ZAYYAT/AFP/Getty Images)
Posted inEnergy, Energy, Europe, GCC, Industries

June OPEC meeting to focus on dialogue, not market action – minister

by Staff Writer Thu 12 May 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East

Qatar says mood positive ahead of oil producers meeting

by Staff Writer Thu 14 Apr 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East, Politics, Politics & Economics

Oil hits 2016 high above $43 on producer meeting hopes

by Staff Writer Tue 12 Apr 2016Tue 9 Nov 2021
Posted inEnergy, Energy, GCC, Middle East, Politics, Politics & Economics

Kuwait sees tough 2016, predicts $40-60 oil to 2020

by Staff Writer Tue 26 Jan 2016Sat 13 Nov 2021
(Getty Images)
Posted inMarkets Commodities

Oil falls to below for first time since 2003

by Staff Writer Thu 21 Jan 2016Wed 3 Nov 2021
Posted inAmericas, Energy, Energy, GCC, Middle East

Middle East economic slowdown will cut oil demand growth

by Staff Writer Wed 20 Jan 2016Tue 9 Nov 2021
Posted inMarkets Commodities

Oil slides to lowest since 2003 as Iran sanctions lifted

by Staff Writer Mon 18 Jan 2016Sat 13 Nov 2021
Posted inEnergy

Oil prices rise for first time in eight days on China data

by Staff Writer Wed 13 Jan 2016Wed 3 Nov 2021
(Getty Images)
Posted inEnergy

StanChart predicts $10 oil as price slide continues

by Staff Writer Tue 12 Jan 2016Wed 3 Nov 2021
Posted inAmericas, Energy, Energy, GCC, Middle East, Politics, Politics & Economics

Oil prices fall for sixth day as hopes for recovery fade

by Staff Writer Mon 11 Jan 2016Tue 9 Nov 2021
Posted inPolitics & Economics

Oil slides below $33 as China turmoil rattles investors

by Staff Writer Thu 7 Jan 2016Wed 3 Nov 2021
OPEC logo
Posted inAmericas, Energy, Energy, GCC, Middle East, Politics, Politics & Economics

OPEC’s market share to shrink by 2020 as rivals keep pumping

by Staff Writer Wed 23 Dec 2015Tue 9 Nov 2021

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