NEWS
Multinational - March 05, 2019
Oil prices were trading lower on Tuesday morning in Asia after China lowered its growth target for the year and doubts of the ultimate impact of any trade deal between…
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BACK TOCOMPANIES
OPEC
H.E. Mohammad Sanusi BARKINDO
Secretary General
OPEC
OPEC remains fully engaged and supportive of the UNFCCC and the Paris Agreement.
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A fine balance
OPEC is an international organisation that was established in Baghdad in September 1960. Today it is headquartered in Vienna, Austria. It co-ordinates and unifies the petroleum policies of its members. OPEC sets production targets for its member nations and is an important factor affecting global oil prices. Iran is one of the five founding members of the organisation.
- Leadership: OPEC’s secretary-general is Haitham Al-Ghais a Kuwaiti oil official who is a veteran fo the industry.
- Members: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Republic of Congo, Saudi Arabia, the UAE, Venezuela
OPEC+, a designation that adds 10 non-OPEC members including Russia, reached a deal in September 2016 to cut approximately 1 million bopd of production. The deal was extended several times and deepened to 7.7 million bopd for August-December 2020.
Company website: www.opec.org
OPEC in figures
Years active as of 2020:60
Number of member states:13
OPEC features
Interview
Kuwait - August 13, 2024
H.E. Haitham Al Ghais of OPEC talks about adjusting oil supply to foster stability in global markets.
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Interview
Kuwait - August 08, 2024
Kuwaiti Minister of Oil H.E. Imad Al Atiqi talks about the pillars of the ministry’s 2024-2028 roadmap for Kuwait’s oil…
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Interview
Kuwait - August 01, 2024
Anar Aliyev of bp talks about bp’s long-standing commitment to Kuwait’s hydrocarbons sector.
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Partnered Event
Azerbaijan - June 4-6, 2024
The Baku Energy Week encompasses three prestigious events: the 29th International Caspian Oil and Gas Exhibition - Caspian…
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NEWS
Multinational - March 04, 2019
Oil prices climbed on Monday morning in Asia, recovering from steep drops last week.
London-traded Brent crude, the global oil benchmark, was up 0.65% to $65.31 by 10…
NEWS
Multinational - February 26, 2019
Oil prices continue to slide after slumping 3% in the previous session as U.S. President Donald Trump tweeted that oil prices were too high and the Organization of the…
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NEWS
Multinational - February 25, 2019
Oil futures pulled back on Monday, after US President Donald Trump took to Twitter to slam OPEC about pushing prices higher.
“Oil prices getting too high. OPEC,…
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Interview
Multinational - March 01, 2019
H.E. Mohammad Sanusi Barkindo, secretary-general of OPEC, talks to TOGY about the role of member countries in reducing greenhouse gas emissions, projections for future…
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NEWS
Multinational - February 21, 2019
Oil prices rose on Thursday in Asia amid some positive trade news that suggested the US and China would be able to reach a deal to resolve their long-running trade…
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NEWS
Multinational - February 20, 2019
Oil prices were mixed on Wednesday in Asia, with Brent futures pulling-back from three-month highs as traders await more news on the Sino-US trade front.
US Crude…
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NEWS
Multinational - February 19, 2019
Oil prices were mixed on Tuesday in Asia as traders awaited developments from a fresh round of Sino-US trade discussions getting underway later in the day.
US Crude…
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NEWS
Multinational - February 18, 2019
Oil prices hit their highest levels in three months on Monday on evidence of supply reductions and on hopes that the U.S. and China may resolve their trade…
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