Gas-focused Qatar to exit OPEC in swipe at Saudi influence
Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show Continue Reading
Iran says OPEC members who increased output should take lead on cuts
Qatar’s decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel, a top Iranian official said, adding that any supply Continue Reading
Oman: Qatar’s Withdrawal From OPEC May Lead To Retaliation
Qatar’s withdrawal from OPEC is a surprise for Oman’s oil minister Mohammed bin Hamad Al Rumhi, who said in an interview with S&P Global Platts on Monday that Qatar might Continue Reading
OPEC works on deal to cut output, still needs Russia on board
OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a Continue Reading
Qatar’s Irrational Decision To Leave OPEC
OPEC’s future is once again up in the air after the decision by Qatar to leave the oil cartel on January 1 2019. Saad Al Kaabi, Qatar’s minister of energy, Continue Reading
OPEC works on getting its message right to a skeptical and confused oil market
When OPEC ministers announce this week how much oil they plan to pump in the coming months, they’ll be talking to a skeptical market searching for direction. Receive daily email Continue Reading
Oil’s Deja Vu Moment: OPEC Meets Amid Price Rout
U.S. crude and Brent, the global benchmark, each fell 22% last month, the sharpest monthly slide since October 2008. U.S. crude traded below $50 a barrel on an intraday basis Continue Reading
Omani oil minister says he believes there is consensus for output cuts
Omani Energy Minister Mohammed bin Hamad al-Rumhy said on Sunday that he believed there was a consensus among OPEC oil producers that oil output should be cut. Asked if he Continue Reading
Qatar Says It Will Withdraw From OPEC
Qatar Energy Minister Saad al-Kaabi said the country would withdraw from the organization by January 2019 at a press conference Monday, state-run company Qatar Petroleum said on its Twitter account Continue Reading
Why a critical OPEC meeting may end with confusion and lower oil prices
Russia’s Energy Minister Alexander Novak, Saudi Arabia’s Energy Minister and OPEC conference president Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo attend a meeting of the Organization of the Petroleum Continue Reading