Search results for "opec"

Qatar will leave OPEC next month in order to focus on gas production, the Gulf state’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday. Qatar has been a member of OPEC since...

An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, India’s premier predicted Tuesday, as he opened the International Solar Alliance’s first assembly with UN chief Antonio Guterres. “The role of the...

Oil prices slipped on Thursday after U.S. President Donald Trump called on OPEC to “get prices down now!” ahead of a meeting of major oil exporters in Algeria this weekend. Brent crude oil LCOc1 was down...

OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. In a monthly report,...

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday. The South American nation earns 96 percent of...

OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers. The Organization of the Petroleum Exporting Countries had...

For a number of years and at least from 2014 when oil prices began to slide from $115 per barrel to below $30 in early 2016, many experts and business journals began to question the relevance...

News Hour: Oil-producing countries from inside and outside OPEC meet in Vienna on Friday as signs grow that their landmark agreement to cap output may finally be boosting the price of crude. Twenty-four producers including Russia,...

News Hour: Oil producers within and outside OPEC are expected on Thursday to extend a deal cutting output aimed at lifting the price of crude, but US rivals could spoil the party. Last November members of...

News Hour: Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however is...