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" OPEC "

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World - Region
1/20/2022 9:28:15 AM
The head of Libya's national oil company said on Wednesday that his country is targeting an output of 1.2 million barrels of oil a day in 2022.

Business - Energy
1/4/2022 1:35:08 PM
Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.

World - Region
1/3/2022 6:40:59 PM
Top oil producing countries on Monday picked Kuwaiti oil executive Haitham al-Ghais as the next secretary general of the Organization of the Petroleum Exporting Countries (OPEC).

World - Region
12/28/2021 1:39:26 PM
A rocket and gunfire targeted the premises of a Chinese oil services company in southern Iraq at dawn on Tuesday, without causing any casualties or damage, officials said.

Business - Energy
11/30/2021 9:33:43 AM
OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation.

Business - Economy
11/2/2021 6:34:52 PM
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development have allocated a loan worth $200 million for the National Bank of Egypt (NBE) with the aim of supporting Egypt’s efforts to enhance the growth of investments across various infrastructure sectors, the bank announced.

Business - Energy
9/13/2021 4:07:09 PM
As economic activity ramps up OPEC expects global oil demand to grow by 4.2 million barrels per day (mbd) on average next year

World - Region
9/1/2021 6:48:58 PM
Oil prices were trading lower ahead of the meeting. The price of oil fell 1.6% to $67.40 per barrel on the New York Mercantile Exchange, while Brent crude, an international benchmark, fell 1.4% to $70.67 per barrel

World - Region
7/18/2021 2:41:58 PM
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a 'full agreement' after an earlier dispute that roiled oil prices

World - Region
7/12/2021 2:07:57 PM
Oman's leader, Sultan Haitham bin Tariq al-Said, visited Saudi Arabia on Sunday on his first official overseas trip since assuming power 2020

World - International
7/6/2021 11:24:34 AM
The OPEC+ group on Monday cancelled a planned meeting that was supposed to overcome an impasse between the United Arab Emirates and other members on how to lift output

World - Region
7/5/2021 11:52:27 AM
The UAE has bitterly opposed a proposed deal by the alliance of oil producing countries to raise production, causing a stalemate that could derail efforts to curb rising crude prices amid a fragile post-pandemic recovery

World - Region
7/4/2021 1:52:50 PM
The current deal "would prolong the UAE's unfair reference production baseline until December 2022, from the existing agreement end date of April 2022", the energy and infrastructure ministry said

World - Region
4/27/2021 4:09:20 PM
The group, known as OPEC+, began a meeting of its joint ministerial monitoring committee (JMMC) a day head of schedule, an OPEC+ source told Reuters

Business - Economy
4/22/2021 2:37:23 PM
The deal was signed by the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank (AfDB), the Green Climate Fund (GCF), and the Arab Bank

World - Region
4/1/2021 7:04:00 PM
US Energy Secretary Jennifer Granholm said on Twitter she had spoken to Saudi Energy Minister Prince Abdulaziz Bin Salman

World - Region
3/31/2021 3:27:40 PM
The market supply/demand balance has largely improved as result of output cuts implemented by the group known as OPEC+, according to state news agency KUNA

Business - Economy
3/30/2021 3:33:41 PM
Ships were moving through the Suez Canal again on Tuesday after tugs refloated the giant Ever Given container carrier causing a huge build-up of vessels around the waterway

World - Region
3/30/2021 2:01:18 PM
A Saudi oil source said on Tuesday OPEC+ had not taken any decision yet and discussions about policy had yet to start

Business - Economy
3/30/2021 1:27:05 PM
Oil prices fell as the Suez Canal opened up after days closed by a grounded supercarrier and focus turned to an OPEC+ meeting this week

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