non-OPEC

  • OPEC Forecasts Lower Demand for Crude Oil

    OPEC Forecasts Lower Demand for Crude Oil

    Monday, 20th January 2020

    The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for crude oil despite the increase in global demand after a US-China trade deal.

  • Kuwait Urges Deepening OPEC Oil Cuts

    Kuwait Urges Deepening OPEC Oil Cuts

    Thursday, 25th May 2017
    OPEC and non-member oil producers could deepen output cuts or extend them for a year.
  • OPEC Reaffirms Commitment to Production Cut

    OPEC Reaffirms Commitment to Production Cut

    Wednesday, 8th March 2017
    According to Saudi Energy Minister, Khalid al-Falih, oil market fundamentals were already improving after the agreement, and oil prices are up more than 10% since the output curb deal was struck in November 2016, stabilized above $50.
  • Oman to Invest $1b in Oil, Gas in 2017

    Oman to Invest $1b in Oil, Gas in 2017

    Tuesday, 31st January 2017
    State-held Oman Oil Company plans to invest $1b in developing various upstream and downstream projects.
  • Non-Opec Producers Cutting Back Oil Output

    Non-Opec Producers Cutting Back Oil Output

    Tuesday, 17th May 2016
    Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.
  • Non-OPEC Oil Supply Estimated to Decline in 2017

    Non-OPEC Oil Supply Estimated to Decline in 2017

    Monday, 8th February 2016
    Oil supply from non-OPEC countries is forecast to decline to 56.4mb/d in 2017 due the global oil prices drop and in result of which, OPEC will have to boost its production by 2020, a Bank of America's (BoA) recently published report stated.
  • Qatar Energy Minister Predicts OPEC Oil Price Rebound

    Qatar Energy Minister Predicts OPEC Oil Price Rebound

    Tuesday, 13th October 2015
    US News & World Report cited Qatar's Energy and Industry, Minister Mohammed bin Saleh al-Sada as saying that oil prices have bottomed out ahead of an expected meeting of OPEC members and other oil producers later this month in Vienna.
  • Algeria Trying to Move OPEC and Other Oil Producers to Control Prices

    Algeria Trying to Move OPEC and Other Oil Producers to Control Prices

    Monday, 24th August 2015
    Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization's strategy.