Qatar’s energy minister, and current OPEC president, said on Monday the oil market is on the path to rebalancing despite the recent decline in global oil prices, adding that OPEC Continue Reading
Some members aren’t ready to accept production curbs: UBS Holding an informal meeting is a ‘low risk strategy’: Fyfe An informal OPEC meeting next month is unlikely to deliver any Continue Reading
Venezuela’s Oil Minister Eulogio del Pino talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016. A meeting between OPEC and non-OPEC countries may Continue Reading
Oil prices set to increase in late 2016 as demand recovers Qatar minister says price slide partly linked to Brexit vote The Organization of Petroleum Exporting Countries will hold informal Continue Reading
OPEC will hold informal talks at an energy conference in September, the cartel’s president said Monday, as oil-producing nations worry over a recent downturn in the crude market. The Organization Continue Reading
Alexander Novak. Photographer: Christian Marquardt/Getty Images Russia ready to discuss freeze if other nations raise issue Novak may meet Saudi oil minister in Algiers next month Russia sees no need Continue Reading
Maduro Eulogio Venezuelan President Nicolas Maduro said on Thursday that his country had begun discussions with the Organization of Petroleum Exporting Countries (OPEC) on mechanisms to increase the global oil Continue Reading
Nigeria loses 70,000 barrels a day as rebels target pipelines Total OPEC output rises as group adds 14th member Gabon OPEC’s crude oil output was disrupted in July by militant Continue Reading
Mohammed Barkindo becomes secretary general on August 1 OPEC at ‘critical time’ as cost of new strategy hits members When OPEC’s new chief starts next week, he’ll take over an Continue Reading
A gas flame in the desert near the Khurais oil field, about 160 kilometers from… Global crude markets have undergone an “extraordinary transformation,” swinging from a major surplus to near Continue Reading
