OPEC chief says rising infections may delay oil recovery
OPEC’s secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market.
Oil , OPEC , Russia and the U.S.
With beginning of the autumn, the oil market atmosphere is tending toward boom.
Sixtieth Anniversary of OPEC: Pivot of Global Oil Market
September 14, 2020 marks the sixtieth anniversary of the Organization of the Petroleum, Exporting Countries or OPEC.
OPEC Stabilizing Crude Price Appreciated
OPEC has managed to raise crude prices and stabilize the oil market, Iran's Oil Minister Bijan Namdar Zanganeh said Monday.
Oil Ministry Dishes Out 1.5b Euros in Oil Contracts to Domestic Firms
Oil ministry has signed 13 contracts worth roughly €1.5 billion with 14 local firms to enhance and maintain oil production.
OPEC Must Save Oil Market As Industry Sees Crisis
OPEC could be preparing for hard days as expectations rise for prolonged demand destruction caused by the coronavirus pandemic.
OPEC+ To Ease Oil Cuts from August
OPEC and allies such as Russia will ease record oil supply curbs from August as the global economy slowly recovers from the coronavirus pandemic.
India-China Border Dispute Seeks Mediation
The border dispute between India and China has undoubtedly been hazardous especially for Asia and carrying a hidden secret.
Iran Complying with OPEC+ Quotas
A former Iranian OPEC governor rejected claims by authorities in crude-producing countries that output of oil in Iran has exceeded a limit set by the Organization of Petroleum Exporting Countries and allies, a grouping known as OPEC+.
Saudi Warns Nigeria, Angola about OPEC Output Cut Agreement
Saudi Arabia warned OPEC members Nigeria and Angola that it would ignite an oil-price war with them unless they toe the line.