OPEC’s Supply Boost Sparks Concerns Over Persistent Oil Price Declines
The global oil market is once again at a crossroads, grappling with the delicate balance between supply, demand, and geopolitical influences. Recen…
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OPEC projects 1.4m bpd global oil demand growth in 2026, cites stronger global growth
The Organisation of Petroleum Exporting Countries (OPEC) has raised its projection for global oil demand in 2026, forecasting an expansion of 1.4 m…
Petroleum demand will rise despite global push for renewables: OPEC Secretary General
Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham al-Ghais (Photo by Shana.ir) Secretary General of the Organ…
Iran’s OPEC governor Hossein Kazempour Ardebili dies of brain hemorrhage
Iran’s OPEC governor Hossein Kazempour Ardebili (Photo by AFP) Iran’s governor to the Organization of the Petroleum Exporting Countries (OPEC) has pa…
Saudis launched oil price war after MBS-Putin shouting match: Report
This file photo by AFP shows a general view of Saudi Aramco. A telephone call last month between Russian President Vladimir Putin and Saudi Crown …
‘Iran not expecting OPEC call to cut output’
Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islami…
‘Oil above $55 per barrel not to OPEC's benefit'
Iran’s Oil Minister Bijan Zanganeh. (Photo by Shana) Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) …
OPEC reports big Saudi oil cut, boosting compliance with deal
OPEC Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compli…
Oil edges up ahead of Christmas
File image of an oil platform Crude prices have edged up ahead of the Christmas with the global markets waiting to see how OPEC’s planned output …
OPEC, non-OPEC producers set for deal
OPEC headquarters in Vienna, Austria (@AFP) The Organization of the Petroleum Exporting Countries (OPEC) is expected to clinch a deal with non-OP…
OPEC states must work for stable oil market: Iranian President Hassan Rouhani
Iranian President Hassan Rouhani Iranian President Hassan Rouhani says all member states of the Organization of the Petroleum Exporting Coun…
Crude prices enjoys best weekly gain in years
File image of an oil platform in the Persian Gulf Crude prices have soared after the Organization of the Petroleum Exporting Countries agreed to …
Iran’s OPEC ‘victory’ hailed at home
The agreement by OPEC to exempt Iran from a much-debated oil freeze plan has been praised by the country’s media as a victory with most of the cred…
Libya rejects OPEC production cuts
Chairman of Libya’s National Oil Corporation Mustafa Sanalla Libya says it cannot be part of an imminent deal by members of the Organization of t…
Oil prices slumped sharply after Saudi no-show
An AFP file image taken on August 21, 2013 shows an oil well near Tioga, North Dakota. Oil prices have slumped sharply amid uncertainty over whet…
OPEC, non-oil cartel members discuss production cuts
OPEC OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement a plan aimed at cuttin…
OPEC facing its ‘hardest’ times in history
OPEC produces about 35% of crude oil globally. OPEC is at its hardest stage in history as oil producing members are struggling to build consensus…
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