Tuesday, 17th October 2017
OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.
Monday, 9th October 2017
“Extraordinary measures” may be necessary to stabilize oil markets, the Secretary –General of OPEC, Mohammad Barkindo, told reporters.
Tuesday, 3rd October 2017
The UAE will make further oil-production cuts in November.
Sunday, 1st October 2017
OPEC crude production has risen in September.
Monday, 25th September 2017
The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries.
Sunday, 24th September 2017
After meeting last Friday in Vienna, ministers from OPEC and major, non-OPEC oil-producing countries, said their production-cut agreement had drawn down global oil stocks.
Wednesday, 20th September 2017
Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.
Wednesday, 13th September 2017
OPEC production fell in August as Saudi Arabia cut back its production
Tuesday, 12th September 2017
The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers.
Tuesday, 22nd August 2017PetroLogistics is predicting a 419,000 barrels per day (b/d) drop in OPEC oil exports and consumption for the month of August.