OPEC | Egypt Oil & Gas - Part 53
Kuwait: OPEC Likely to Maintain Price Policy till June 5
OPEC is likely to maintain its production policy at a meeting in June, Kuwait's OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global oil p ...
IEA Names New Executive Director
The International Energy Agency’s governing board confirmed the appointment of Fatih Birol as the agency’s next executive director. Birol succeeds Maria van der Hoeven, who will complete her 4-year term on Aug. 31.
Saudi Oil Minister in Talks with Algeria, Russia
Saudi Arabian Oil Minister Ali Al Naimi discussed Opec and the oil market with officials from Russia and Algeria, Saudi state news agency SPA reported.
Libya’s Kidnapped OPEC Envoy Freed
A senior oil official who represents Libya in the OPEC cartel has been freed after being kidnapped last month in Tripoli, National Oil Company sources said Monday.
Aramco: Oil Price ‘Too Low’
World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said on Tuesday, stressing it was for the market not OPEC producers to shore them up.
OPEC Decision Wrong: Iran, Venezuela and Oman Now Say
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling.
Iraq: Output Must Rise to Compensate for Price Drop
Iraq, the nation adding more new oil to global markets than any other supplier in OPEC, said it needs to boost production and exports of crude to compensate for collapsing prices.
Kurd Oil Boosting Supply at Low Prices
Oil producers in Iraqi Kurdistan are unrelenting in their goal to boost output even after the collapse in international prices to below $50 a barrel.
