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OPEC celebrates 60th anniversary amid ongoing coronavirus challenges in oil markets

Monday, 14 September 2020

The Organization of Petroleum Exporting Countries (OPEC) on Monday celebrated its 60th anniversary ......

OPEC cooperation on oil protects our children’s future: Secretary General Barkindo

Monday, 14 September 2020

On 14 September 1960, the five Founding Fathers of the Organization of the Petroleum Exporting ......

OPEC+ meet to discuss oil output cut agreement amid coronavirus demand slump

Wednesday, 19 August 2020

OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review ......

Global oil output cuts easing justified, says Russian Energy Minister Novak

Wednesday, 15 July 2020

Russian Energy Minister Alexander Novak said on Wednesday that the expected easing of oil output ......

OPEC expects oil demand to rise in 2021, but remain below 2019 levels

Tuesday, 14 July 2020

Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global ......

Oil prices fall on signs OPEC+ will lower output cuts

Monday, 13 July 2020

Oil edged lower before this week’s OPEC+ committee meeting, which may confirm the group’s intention ......

Russia has no plans to meet with Saudi Arabia ahead of OPEC+ meeting: Kremlin

Thursday, 09 July 2020

The Kremlin said on Thursday Russia currently had no plans to hold talks with Saudi Arabia ahead of ......

Saudi Arabia’s Crown Prince, Nigeria’s President review OPEC+ crude oil deal progress

Monday, 29 June 2020

Saudi Arabia’s Crown Prince Mohammed bin Salman and Nigerian President Muhammadu Buhari review the ......

Coronavirus: Oil at $42 as prospects for better OPEC+ deal compliance buoy market

Friday, 19 June 2020

Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC ......

Coronavirus: OPEC says oil, fuel demand will remain ‘under pressure’ for rest of 2020

Wednesday, 17 June 2020

OPEC predicted that fuel demand will remain “under pressure” during the second half of this year ......

Iraq’s new oil minister affirms commitment to the OPEC+ cut deal

Tuesday, 09 June 2020

Iraq’s new oil minister Ihsan Abdul Jabbar affirmed in a phone call with Saudi energy minister ......

Abu Dhabi raises crude prices following OPEC+ output cut extension

Monday, 08 June 2020

Abu Dhabi boosted pricing for its main Murban crude grade one day after Saudi Arabia posted sharply ......

Norway plans to keep oil output cuts unchanged following OPEC+ extension deal

Monday, 08 June 2020

Norway, Western Europe’s largest oil producer, has no plans to modify its existing plans for ......

Saudi, UAE, Kuwait voluntary oil cuts were only for one month: Saudi Energy Minister

Monday, 08 June 2020

Voluntary additional cuts by Saudi Arabia, UAE and Kuwait of oil production are due to last for only ......

Saudi Arabia raises oil-selling price as OPEC+ extends cuts

Sunday, 07 June 2020

Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic ......

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