Opec News
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UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
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The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
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Oil Tops $55 For First Time In 16 Months As OPEC Deal Fuels Buying
Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
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OPEC Extends Oil Output Cut By Nine Months To Fight Glut
OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers.
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OPEC Extends Oil Output Cut By Nine Months To Fight Glut
OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers.
-
Oil Tops $55 For First Time In 16 Months As OPEC Deal Fuels Buying
Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
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OPEC Meets Non-OPEC Nations For Oil Talks, Russia Still On Board
Officials from OPEC and non-member oil producing countries met aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agreed on how to implement the deal.
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Saudi Arabia Says Many Nations Will Join OPEC Output Cuts
Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabias Minister of Energy and Industry Khalid Al-Falih.
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UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
-
The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
-
Oil Tops $55 For First Time In 16 Months As OPEC Deal Fuels Buying
Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
-
OPEC Extends Oil Output Cut By Nine Months To Fight Glut
OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers.
-
OPEC Extends Oil Output Cut By Nine Months To Fight Glut
OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers.
-
Oil Tops $55 For First Time In 16 Months As OPEC Deal Fuels Buying
Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
-
OPEC Meets Non-OPEC Nations For Oil Talks, Russia Still On Board
Officials from OPEC and non-member oil producing countries met aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agreed on how to implement the deal.
-
Saudi Arabia Says Many Nations Will Join OPEC Output Cuts
Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabias Minister of Energy and Industry Khalid Al-Falih.
