Oil Prices Drop As UAE Discussing Exit From OPEC To Pump More Oil
London March 3 2023: Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates ...
Tag: OPEC
Welcome to the OPEC category page, your source for comprehensive information about the Organization of the Petroleum Exporting Countries. OPEC, established in 1960, is a vital player in the global energy market, uniting major oil-producing nations in a collaborative effort to stabilize prices, ensure a steady supply, and promote the interests of both producers and consumers.
With 13 member countries, OPEC’s influence on the world economy is undeniable. Through strategic cooperation, production quotas, and market analysis, OPEC seeks to maintain a balanced oil market that benefits all stakeholders. The organization plays a pivotal role in addressing energy challenges, adapting to geopolitical shifts, and addressing environmental concerns.
Learn about OPEC’s history, its member nations, and the crucial decisions that shape the energy lan
Saudi Energy Minister Warns Sanctions Could Result in Energy Shortages
Dubai February 5 2023: Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday Western sanctions against Russia could result ...
OPEC+ leaves production cuts agreed in October in place
Vienna February 2 2023: The 47th Meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC took place via ...
Algeria sets reference price for oil at $60 barrel through 2023/2025
Algiers December 26 2022: Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state ...
Oil Climbs As Shut Pipeline In U.S. Adds To Supply Uncertainty
Singapore December 13 2022: Oil extended gains on Tuesday as a key pipeline bringing the resource to the United States ...
Oil Bounces Near Dec 2021 Lows After Keystone Pipeline Shutdown
Sydney December 9 2022: Oil prices bounced on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but ...
Oil Prices Rise After Price Cap on Russian crude, OPEC+ Meeting
Sydney December 6 2022: Oil prices edged higher on Tuesday, after a G7 price cap on Russian seaborne oil came ...
Saudi Oil Exports Drop as Shipments to US and China Plunge
Riyadh December 2 2022: Saudi Arabia’s crude exports declined in November, as shipments to the US plunged to a multiyear ...
Oil falls over $2 a barrel as China’s COVID protests fuel demand fears
Singapore November 28 2022: Oil futures fell more than $2 a barrel on Monday, with WTI hitting an 11-month low, ...
OPEC+ Meeting to Take Into Account Market Conditions – Iraqi Official
Cairo November 27 2022: The OPEC+ meeting in December will take into account the condition and balance of the market, ...
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