Eight OPEC+ member countries have agreed to begin a phased unwinding of their voluntary oil production cuts starting in April 2026, citing a stable global economic outlook and robust market fundamentals, according to ...
Egyptian oil minister Tarek El Molla has emphasized his support for measures taken by the Organization of Petroleum Exporting Countries (OPEC) to stabilize the oil market, Egypt Oil & Gas reports. The announcement...
Oman will host the 7th meeting of Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) on January 21st, Times of Oman reported. “It is for the first time that a...
Egypt was invited to attend the meeting of the Organization of the Petroleum Exporting Countries (OPEC) for oil production cuts on the 25th of May, reported Reuters. OPEC, Russia and other producers agreed in 2016 to ...
The Organization of Petroleum Exporting Countries (OPEC) will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling during a meeting in Vienna, Boston Globe reported. O...
Top oil producing countries are raising supply in crude oil ahead of June’s OPEC meeting despite discussions on freezing output that took place at Doha summit. “OPEC is indeed increasing supplies, practisi...
The dismissal of Ali al-Naimi as Saudi Arabia’s Oil Minister and appointing Khalid al-Falih instead, puts the country’s deputy Crown Prince firmly in control of energy policy and makes an agreement to freeze oil produ...