OPEC | Egypt Oil & Gas - Part 44
Iran Rejects Joining Oil Output Freeze
Iranian Oil Minister, Bijan Zanganeh, said that Tehran would not restrain its oil output as part of a global pact to freeze production to prop prices, following a meeting with oil ministers from Qatar, Iraq, and Vene ...
Riyadh and Moscow Propose to Freeze Oil Output
Oil ministers of Saudi Arabia and Russia, Ali Al-Naimi and Alexander Novak, held talks in Qatar on 16th February to discuss the oil market amid a push for cooperation between OPEC and other major producers to tackle ...
Tehran Open to Talks with OPEC about Global Oil Market
Iran’s Oil Minister, Bijan Zangeneh, said that Tehran was ready to hold talks with Riyadh to discuss the current conditions in international oil markets. “We support any form of dialogue and cooperation with OPEC mem ...
Gulf Stock Markets Rose Following Oil Price Surge
Gulf stock markets rose sharply for a second straight trading day on Sunday after oil prices surged at the end of January. Egypt's stock index also rose by as much as 2.1% in response to the firm tone of global equit ...
Venezuela in Talks with Global Oil Majors to Tackle Low Oil Prices
Venezuela has made four formal proposals to OPEC and non-OPEC states - Russia, Saudi Arabia, Iran and OPEC Head - in an attempt to summon a joint emergency meeting to tackle the continuously declining oil prices and ...
Kuwait Committed to its Planned $100b Oil Investment
Kuwait is committed to its petroleum investment plans of $100b in the next five years despite the prospect of low oil prices persisting.
OPEC Chief Calls for Global Cooperation
OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in attempts to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into th ...
Iran Rejects Venezuela’s Call for OPEC Emergency Meeting
In the wake of Venezuela's call for an emergency OPEC meeting, Iran’s Oil Minister, Bijan Zanganeh, said that such a meeting would hurt the crude oil market, unless it reached a decision to shore up falling prices.
