OPEC

A one-sentence comment by Russian Energy Minister Alexander Novak curtailed recent gains in oil prices on Friday, sparking a media storm.

Last week’s agreement by…

OPEC announced Thursday it aims to get the oil price to USD 55 per barrel by cutting production. This comes after the cartel announced September 28 its plans to cut…

Russian oil production hit a post-Soviet Union output record in September, local media reported over the weekend, with OPEC production also projected to hit fresh…

OPEC caught markets and analysts off guard late on Wednesday when it announced an agreement on a production cut that exempts Iran, sending oil prices surging.

After…

Comments made by Saudi Arabian Minister of Energy, Industry and Mines Khalid al Falih and his Iranian counterpart, Bijan Namdar Zanganeh, in Algiers on Tuesday have…

Saudi Arabia has reportedly courted Iran in an effort to lay the groundwork for a deal on freezing oil production, sources familiar with the matter said on…

Minister of Oil Jabar Ali Al Luaibi in a statement on Thursday said Iraq aims to increase its production by more than 375,000 bopd, lending credence to the assumption…

Encouraging comments by Iraq’s OPEC governor on Thursday and an alleged meeting between rivals Saudi Arabia and Iran in Vienna have led some to speculate that next…

While not opposed to the idea of freezing oil production as a means to stabilise global oil markets, Iraq does have certain conditions that need to be met, a top…