the Organization of Petroleum Exporting Countries (OPEC)

  • UAE Commits to OPEC Oil Production Cut Agreement

    UAE Commits to OPEC Oil Production Cut Agreement

    Sunday, 3rd November 2019

    The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).

  • OPEC Nears Output Cut Extension

    OPEC Nears Output Cut Extension

    Monday, 20th May 2019

    The Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, may continue the production cut agreement as the market is still oversupplied.

  • Gulf OPEC Members to Raise Output in Case of Shortage

    Gulf OPEC Members to Raise Output in Case of Shortage

    Wednesday, 24th April 2019

    The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.

  • Algeria to Reduce Oil Output as Part of OPEC Deal

    Algeria to Reduce Oil Output as Part of OPEC Deal

    Tuesday, 15th January 2019

    Algeria has reduced its oil output by around 24,000 to 25,000 barrels per day (b/d) starting from January 1.

  • OPEC to Determine Country Quotas for Oil Output Cut

    OPEC to Determine Country Quotas for Oil Output Cut

    Sunday, 23rd December 2018

    OPEC plans to determine the oil output quotas for its members and its allies to strengthen the crude price.

  • Nigeria Boosted Oil Output in September

    Nigeria Boosted Oil Output in September

    Sunday, 16th October 2016
    The Organization of Petroleum Exporting Countries (OPEC) showed that Nigeria’s crude oil output rose by 280,700b/d to 1.385mb/d in September.
  • Aramco Cancelled Asian Cargoes

    Aramco Cancelled Asian Cargoes

    Sunday, 9th October 2016
    The state oil giant Saudi Aramco cancelled a rare offering of prompt cargoes to buyers in Asia, after the Organization of Petroleum Exporting Countries (OPEC) reached a deal to cut output on Sept. 28.