OPEC | Egypt Oil & Gas - Part 45
Iran Prepared for US Crude, OPEC Shares to Decline
In the wake of US historic decision to remove its 40-year crude export ban, Iran is to suffer the least among oil producers, according to a statement issued by the National Iranian Oil Company (NIOC).
OPEC Projects Oil Price Rise in Early 2016
OPEC announced that global crude oil prices, currently at the seven-year low, could rise in under a year time amid cuts in oil output from some producers.
UAE Supports OPEC Oil Policy
The United Arab Emirates expressed support for OPEC in maintaining stable, cost effective, and efficient crude supplies, UAE's Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said at the OPEC summit i ...
OPEC: Tehran, Riyad to Continue Pumping Oil Despite Price
At the OPEC Summit, both Iran and Saudi Arabia said they would keep on pumping despite oil prices hovering near a six-year low as OPEC was not expected to curb the global supply glut.
Saudi Cabinet Makes Tentative Pronouncements on Oil Price Cooperation
Saudi Arabia's cabinet said it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability.
Indonesia’s Return to OPEC Raises Production Level, Quota Issues
In September, OPEC announced Indonesia’s return to the organization after 7 years of suspension. Indonesia’s return to the cartel, starting with the December policy meeting, will raise the issue of necessary changes ...
Venezuelan Oil Minister: OPEC Must Act to Prevent $20 Oil
Few countries have felt low oil prices as much as Venezuela. In Tehran the Venezuelan Oil Minister Eulogio Del Pino urged OPEC to act to raise oil prices, which he said could fall to the mid-$20s per barrel with acti ...
Iraq in $30 a Barrel Price War as Investments Stagnate
Iraq may increase oil output further in 2016 as the country prepares to sell some crude grades for as little as $30 a barrel.
