OPEC-Led April Meeting Postponed
The meeting might be canceled to assess the impact of the production cuts on the market especially under US sanctions on Iran and Venezuela
OPEC | Egypt Oil & Gas - Part 18
Qatar Announces OPEC Exit
Qatar announced on December 3 that it will exit the Organization of the Petroleum Exporting Countries (OPEC) and increase its focus on gas.
OPEC, Russia Agree 1.2 Million b/d Production Cut
The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies (OPEC+) agreed to reduce oil production by around 1.2 million barrels per day (b/d) during a meeting in Vienna on December 6.
Saudi Crude Production Hits Record Highs in Early November
Saudi Arabia's crude production hit record highs in early November following large orders made in early October in preparation for the loss of Iranian crude from the market.
OPEC Expected to Agree Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December.
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.
