Most Countries Back OPEC, non-OPEC Agreement Extension: Al-Mazrouei

• Tuesday, 17th April 2018
• by Editorial Team

The majority of OPEC and independent oil producing countries support turning the OPEC non-OPEC agreement into a long-term producers’ alliance, Energy Minister for the United Arab Emirates Suhail Al-Mazrouei stated, ac...

OPEC Meets 82% Compliance with Freeze Deal

• Tuesday, 31st January 2017
• by Dr. Mahinaz El-Baz

The Organization of the Petroleum Exporting Countries’ (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production ...

OPEC: Tehran, Riyad to Continue Pumping Oil Despite Price

• Sunday, 6th December 2015
• by Egypt Oil & Gas

At the OPEC Summit, both Iran and Saudi Arabia said they would keep on pumping despite oil prices hovering near a six-year low as OPEC was not expected to curb the global supply glut, according to Bloomberg. Iran plan...