OPEC

Mohammed bin Saleh Al Sada, Qatari Minister of Energy and Industry and current president of OPEC, on Thursday underscored the need for a cap on production as a means to…

Omani Minister of Oil and Gas Mohammed bin Hamad bin Saif Al Rumhy said on Wednesday that his country stands with Iran in the latter’s objection to last week’s…

Saudi Arabia will not follow deal brought forward by other major oil producers to freeze rising output, the country’s oil minister, Ali Al Naimi, said at a conference…

Iran has increased oil exports by 500,000 bpd after sanctions were lifted in January, the director of international affairs for state-run National Iranian Oil Company,…

India’s oil imports from Saudi Arabia jumped 29% in January from the same month a year ago, market analyst group Thomson Reuters Oil Research & Forecasts reported…

Iran has taken a tough stance against a production freeze proposed by other members of OPEC, Iranian OPEC envoy Mehdi Asali was quoted as saying in the Tehran-based…

Saudi Arabia and Russia agreed to freeze production in a meeting in Qatar today.

The agreement would mean keeping production at January levels, which would allow…

Major oil-producing countries should cut production to lift the falling prices of crude oil, Russian state-run Rosneft’s CEO Igor Sechin said Wednesday at the…

Kuwait plans to raise crude oil production by 150,000 bpd in Q3, a Kuwaiti official said on Tuesday.

Nabil Bouresli, managing director of international marketing at…