Petroleum Exporting Countries
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
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Oil Prices Slip As U.S. Inventory Build Stokes Fears Of Supply Glut
Crude inventories rose by 584,000 barrels in the week to Oct. 16 to about 490.6 million barrels, data from industry group the American Petroleum Institute showed.
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India-Led Solar Alliance Will Outshine OPEC, Says PM Modi
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA's first assembly with UN chief Antonio Guterres.
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"OPEC Alone Can't Be Blamed": Oil Producer Group After Trump Criticism
The president of OPEC on Monday defended the oil producer group against US President Donald Trump's recent demands for higher oil output, saying OPEC does not shoulder the blame.
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Saudi Arabia, A Kingdom Built On Oil, Plans A Future Beyond It
Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world's premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries.
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How The World's Great Oil Powers Became So Powerless
To get a sense of how much more oil the world has than it needs, look to the world's oceans.
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Meeting of OPEC, Non-OPEC States Set for October 21: Venezuela
Venezuela -- which has been trying hard to persuade oil producers to cut output in order to boost prices -- announced Thursday that a technical meeting of OPEC and other crude-producing countries would take place on October 21.
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Global Producers Must Price Oil 'Reasonably': Union Minister Dharmendra Pradhan
Reiterating New Delhi's decade-old demand, he said the Organisation of Petroleum Exporting Countries (OPEC) is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
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Muslim 'Treachery' Behind Fall in Oil Prices, Says Iran President Hassan Rouhani
Iran's President Hassan Rouhani says the sharp fall in oil prices is the result of "treachery," in an apparent reference to regional rival Saudi Arabia, which opposed production cuts to lift prices.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
OPEC Head Mohammad Barkindo Dies At 63 In 'Shock' To Oil Cartel
OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.
-
Oil Prices Slip As U.S. Inventory Build Stokes Fears Of Supply Glut
Crude inventories rose by 584,000 barrels in the week to Oct. 16 to about 490.6 million barrels, data from industry group the American Petroleum Institute showed.
-
India-Led Solar Alliance Will Outshine OPEC, Says PM Modi
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA's first assembly with UN chief Antonio Guterres.
-
"OPEC Alone Can't Be Blamed": Oil Producer Group After Trump Criticism
The president of OPEC on Monday defended the oil producer group against US President Donald Trump's recent demands for higher oil output, saying OPEC does not shoulder the blame.
-
Saudi Arabia, A Kingdom Built On Oil, Plans A Future Beyond It
Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world's premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries.
-
How The World's Great Oil Powers Became So Powerless
To get a sense of how much more oil the world has than it needs, look to the world's oceans.
-
Meeting of OPEC, Non-OPEC States Set for October 21: Venezuela
Venezuela -- which has been trying hard to persuade oil producers to cut output in order to boost prices -- announced Thursday that a technical meeting of OPEC and other crude-producing countries would take place on October 21.
-
Global Producers Must Price Oil 'Reasonably': Union Minister Dharmendra Pradhan
Reiterating New Delhi's decade-old demand, he said the Organisation of Petroleum Exporting Countries (OPEC) is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
-
Muslim 'Treachery' Behind Fall in Oil Prices, Says Iran President Hassan Rouhani
Iran's President Hassan Rouhani says the sharp fall in oil prices is the result of "treachery," in an apparent reference to regional rival Saudi Arabia, which opposed production cuts to lift prices.
