OPEC Expected to Agree Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December.
OPEC | Egypt Oil & Gas - Part 18
Oil Prices Plunge $20 since October
Oil prices have dropped by more than $20 since October, falling to $66.5 per barrel from a peak of $86.7.
Qatar names Kaabi as new head of OPEC delegation
Qatar has named Saad al-Kaabi as the head of its OPEC delegation, replacing Mohammed al-Sada, OPEC announced on its website on November 14.
OPEC Mulling 1M b/d Oil Output Cut
Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies.
Minister: Iraq to Increase Oil Output and Exports
Iraq is planning to increase its output and exports of crude in 2019, Iraqi Oil Minister Thamer Ghadhban has said.
Zhenhua Oil to Sign JV Agreement with Iraq’s SOMO
China's Zhenhua Oil is expected to sign an agreement with Iraq’s State Oil Marketing Organization (SOMO) to establish a joint venture (JV) company.
OPEC to No Longer Release Specific Oil Prices to Avoid US Legal Risk: Reuters
OPEC has advised its members to not mention oil prices when discussing policy in order to avoid US legal action over manipulating the market, sources close to OPEC said.
OPEC’s 2019 Oil Demand Growth Forecast Falls Again
OPEC has cut its 2019 global oil demand growth forecasts for the third straight month, citing trade disputes and volatile emerging markets, particularly in key consuming countries.
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
OPEC non-OPEC Producers Won’t Increase Oil Output: Sources
A meeting between allied OPEC and non-OPEC oil producers to be held on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June.
