OPEC

OPEC crude output drops to six-month low as total production fell 80,000 bpd in November

Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell…

OPEC, non-OPEC influence on glut, price now visible to the world– Barkindo

Secretary-General of Organisation of the Petroleum Exporting Countries, OPEC, Mohammed Barkindo, has declared that the World has now recognised that…

Oil prices fall after U.S. shale drillers add more rigs

Oil fell Monday after U.S. shale drillers added more rigs last week, but prices held not far off their highest…

Opening address to the 173rd meeting of the OPEC conference

Your Excellencies, distinguished delegates, ladies and gentlemen. Good morning and let me once again welcome you for the 173rd Meeting…

OPEC, Russia to extend oil production cuts until end of 2018

OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global…

Russia expects OPEC to reach oil-cut deal as group meets in Vienna Thursday

Alexander Novak, Russia’s Energy Minister expects OPEC and its allies to reach a decision on Thursday, Nov. 30 to extend…

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