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Sunday, December 15, 2024

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OPEC

The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members, it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state. (Source: Wikipedia)

Bloomberg: Russian oil has finally overcome the G7 price ceiling

Dilnaz Shaikh -
Moscow, Russia (TEH) - In a surprising turn of events, Russian oil has defied Western sanctions and embargoes, with revenues rising to an eight-month...

Oil continues gains after OPEC+ decisions to deepen production cuts

Arab Desk -
And Saudi Arabia announced the availability of an additional temporary voluntary reduction of one million barrels per day, starting next July 1, for...

OPEC +… strong messages to balance the oil market

Arab Desk -
Responding to the moves, oil prices rose around 3% in early Monday morning trading, before paring their gains to more than 2%, with...

Reuters: OPEC+ in talks to discuss quotas and production cuts

Arab Desk -
According to Reuters, the sources said the bloc known as OPEC+, which includes the countries of the Organization of the Petroleum Exporting Countries...

Reuters: OPEC+ is working on a new deal that includes baselines...

Arab Desk -
The sources said the UAE would get a new, higher baseline if a deal is struck. Baselines are oil production levels against which...

Reuters: Possible agreement on further production cuts at OPEC+ meeting

Arab Desk -
OPEC+ pumps around 40% of global production, which means its decisions have a significant impact on oil prices. Three OPEC+ sources told Reuters...

“OPEC” .. a safety valve for the stability of oil markets

Arab Desk -
OPEC has always been concerned with a permanent and constructive dialogue between itself and all international partners and agencies to guarantee the interest...

Putin: energy prices close to ‘economically justified’ levels

Arab Desk -
Addressing the Russian-led Eurasian Economic Union conference in Moscow, Putin also raised the issue of energy shortages in Europe. "Now energy prices are approaching economically...

Market assessment of Saudi energy minister’s statements sends oil prices skyrocketing

Arab Desk -
Market participants had speculated that the Saudi energy minister's remarks about speculators could be a sign that the OPEC+ alliance could discuss further production...

Supply shortage issues push up black gold prices

Arab Desk -
The "OPEC+" alliance meets again on June 4, and some analysts expect more cuts. For his part, Saudi Energy Minister Prince Abdulaziz bin Salman said...
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Just In

Mossad Director and Qatari Prime Minister Discuss Gaza Ceasefire

Arab Desk -
While Israel's genocide in Gaza continues, Mossad Director David Barnea is reported to have met with the Prime Minister of Qatar regarding a prisoner...

UN Rapporteur on Israel calls attacks on Syria a new example...

Arab Desk -
GazaUnited Nations (UN) International Order Rapporteur George Katrougalos stated that Israel's attacks on Syria were a continuation of its unlawful actions in the region,...
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