Congo Republic Becomes OPEC Member
The Republic of the Congo, one of Africa’s major oil producers, has become the newest member of OPEC.
OPEC | Egypt Oil & Gas - Part 20
Egypt Declares Support For OPEC Deal
Egyptian oil minister Tarek El Molla has emphasized support for measures taken by Organization of Petroleum Exporting Countries (OPEC) to stabilize the oil market.
OPEC, Russia Agree to Raise Production
OPEC has agreed with Russia and other non-OPEC producers to raise oil production from July.
Oil Falls 2% Ahead of OPEC Meeting
Oil prices fell on June 21 as producers prepared to discuss the lifting of production cuts at the biannual OPEC meeting on June 22 in Vienna.
Iran Rules Out Agreement at OPEC Meeting
The Iranian oil minister has stated that a deal on oil output at the June 22 OPEC meeting in Vienna is unlikely, setting the stage for a clash with Russia and Saudi Arabia, who are pushing to curb the current prod ...
Saudi Arabia, Russia Propose 1.5 M b/d Output Increase: Ecuador Oil Minister
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
Iraq Opposes Calls for OPEC Production Boost
Iraqi oil minister Jabar al-Luaibi released a statement on June 11 in which he warned producers against being pressured to boost output levels, adding that unilateral decisions could collapse the OPEC and non-OPEC ...
Saudi Oil Output Hits 10 Million b/d
Saudi Arabia has boosted oil output to over 10 million barrels per day (b/d), the highest level since October 2017.
Aramco Raises Price of Crude Exports to Asia
Saudi Aramco has increased the price of crude exports to Asian buyers to their highest levels since 2014 amid rising demand for Saudi oil.
UAE, Russia Sign Strategic Partnership Deal
The UAE and Russia have signed a declaration of strategic partnership during Crown Prince Sheikh Mohamed bin Zayed’s visit to Moscow.
