OPEC

A US Senate committee is expected to pass a Bill on Thursday that could open members of the Organisation of the Petroleum Exporting Countries and its partners to antitrust lawsuits for...

A US Senate Committee passed a Bill on Thursday that could expose the Organisation of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices, Reuters reports. The No...

OPEC+ will likely stick to modest oil output increases on Thursday, arguing it is not responsible for geopolitics and supply disruptions while stressing its worries over the demand outlook...

OPEC+ is set to agree on another small increase in production targets for June, delegates from the group say, as expectations that sanctions will crimp Russian output further counter...

Algeria has completed work on a crude oil refining project in Hassi Messaoud, the largest oil city in the country, to pump 60,000 barrels per day. state-owned Sonatrach said...

A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West's energy watchdog reflected concern about US influence on the figures, sources close to...

OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible...

The commitment of the OPEC+ group of oil exporting nations to output targets have contributed to absorbing an excess of supply in the market, Iraq's state-news agency cited the Oil Ministry as saying...

UAE Energy Chief has doubled down on OPEC's alliance with Russia and insists that Moscow will always be part of the inter-governmental organisation. Abu-Dhabi's Energy Minister, Suhail Al-Mazrouei, said...

OPEC+ will likely stick to plans for a modest increase in oil output in May, several sources close to the group said, despite a surge in prices due to...

Saudi Arabia yesterday warned of Iran's continued supply of ballistic missiles and drones to Yemen's Houthis, stressing that they pose a threat to global oil supplies. The Saudi Council...

UAE Foreign Minister, Sheikh Abdullah Bin Zayed Al Nahyan, met yesterday with Russian Minister of Foreign Affairs, Sergey Lavrov, in Moscow and discussed cooperation between the two countries and...

The Head of Libya's Government of National Unity (GNU) tweeted, on Wednesday, that OPEC countries should boost oil output, a move that may have no real impact on the...

The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to...

By single-handedly knocking 13 per cent off rocketing oil prices on one day this week, the United Arab Emirates demonstrated the power Gulf producers wield in the market and...

The UAE denied the statements of its Ambassador in Washington, Yousef Al-Otaiba, in which he said that Abu Dhabi prefers an increase in oil production and will urge OPEC to consider...

Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed vowed to maintain energy market stability, the UAE's state news agency reported yesterday, as crude prices...

Tensions between Russia and the West are driving oil prices, rather than the kind of fundamental fuel shortage that would justify accelerated output increases from OPEC+, UAE Energy Minister,...

Saudi Arabia surpassed Russia as the OPEC+ group's largest crude oil producer in December, beating the non-OPEC leader that has struggled to ramp up output as the bloc boosts...

Kuwait has nominated its former governor to the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, to lead the oil producer group after Mohammad Barkindo's term as secretary...

A US official said yesterday that the White House stands by its calls for oil-producing countries to "do more" to support the global economic recovery, as crude prices recorded...

An OPEC+ ministerial panel gathered today to discuss the latest oil prices and decided to follow an existing pact to hike oil output by 400,000 barrels per day (bpd) in...

Speaking at a Future of the Oil and Gas Industry conference, Pulitzer prize-winning author and global energy expert Daniel Yergin said that the Covid-19 pandemic has revealed that the...

Qatari Energy Minister Saad Bin Sherida Al-Kaabi announced today that Qatar will not rejoin the Organisation of Petroleum Exporting Countries (OPEC) and stressed that Doha will mainly invest in...

Algeria is preparing a new investment law to improve its business climate and attract foreign investors with the aim of boosting the non-energy sector, Prime Minister Ayman Benabderrahmane said...

The International Monetary Fund (IMF) said yesterday that it expects Oman's economy to recover this year with a projected growth of 2.5 per cent, spurred by non-hydrocarbon GDP growth...

Algeria's gross domestic product (GDP) grew 2.3% in the first quarter of this year helped by a better performance from the energy sector, official data showed on Saturday, after...

Pro-government commentators in Saudi Arabia are publicly criticising the United Arab Emirates' role in Yemen, a rare move that reflects political and economic tensions between the two Gulf allies...

The UAE Ministry of Energy and Infrastructure yesterday announced that the negotiations between the Emirates and the OPEC+ alliance are ongoing and no agreement on production quotas has been...

Abu Dhabi lashed out at Riyadh's proposal saying it was unfair on them and that the world needed more crude oil after collapsing prices due to the pandemic

Saudi Arabia's Energy Minister has condemned the opposition of the United Arab Emirates to a proposed OPEC+ deal to increase output and extend cuts, in a clear example of...

Iraq backs a proposal by the Organization of the Petroleum Exporting Countries and its allies to extend a pact on output curbs until December 2022, Oil Minister Ihsan Abdul...