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TEHRAN - The first OPEC international training workshop on engineering and technical service exports opened at the place of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) on ...
Libyan Oil Minister, Khalifa Abdul Sadiq has discussed with his Saudi counterpart, Prince Abdulaziz bin Salman, during a meeting on the sidelines of the OPEC symposium, ways to enhance cooperation on ...
OPEC was formed by five petroleum-rich countries in 1960. At the time, the global oil market was dominated by a group of multinational, Anglo-American companies known as the “Seven Sisters.” ...
Inside the White House’s failed effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster’ By Alex Marquardt , Natasha Bertrand and Phil Mattingly , CNN 7 minute read ...
On Tuesday, OPEC in a monthly report said world oil demand will rise by 2.03 million barrels per day (bpd) in 2024, down from growth of 2.11 million bpd expected last month.
OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source ...
Until August, OPEC had kept the outlook unchanged since its first forecast in July 2023. In the report, OPEC also cut its 2025 global demand growth estimate to 1.54 million bpd from 1.64 million bpd.
The OPEC Plus cuts will coincide with the conclusion of that initiative. The timing will amplify the impact, and Mr. Biden is considering releasing more oil reserves intermittently through the winter.
OPEC agrees to keep oil production cut, likely maintaining high prices through November election Saudi Arabia has ambitions to diversity its economy away from fossil fuel exports.
DUBAI, United Arab Emirates (AP) — Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling 1.15 million barrels per day from May until the end of the year, a move ...
Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike. Doubtless this will ...