Gulf Times - OPEC
Oil steadies above $62 as OPEC cuts counter growth concerns

Oil steadies above $62 as OPEC cuts counter growth concerns

Oil steadied above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep withholding supply countered concern about slowing economies and demand.

Iran has no plans to leave OPEC despite tensions: oil minister

Iran has no plans to leave OPEC despite tensions: oil minister

Iran has no plans to leave the Organization of the Petroleum Exporting Countries despite being treated like an enemy by some fellow members, Oil Minister Bijan Zanganeh said in an interview published on Saturday.

Iran sets scene for tough Opec meeting, opposes date change

Iran sets scene for tough Opec meeting, opposes date change

Iran has told Opec that it opposes delaying the oil producer group's next meeting, setting the scene for another fight with fellow members as US sanctions put Tehran under unprecedented economic pressure ...

Opec in the dark on oil supply as Russia, Iran cut exports

Opec in the dark on oil supply as Russia, Iran cut exports

Opec is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to fears of a price crash ...

Opec says determined to avoid an 'energy crisis'

Opec says determined to avoid an 'energy crisis'

Opec is determined to avoid a global "energy crisis" as some of its members are facing international sanctions and others struggling with unrest, the group's secretary-general said in Tehran on Thursday.

Oil surges amid Opec caution to offset Iran sanctions

Oil surges amid Opec caution to offset Iran sanctions

Oil prices hit their highest in about six months on Tuesday as sources said Gulf Opec members were ready to raise output only if there was demand before offsetting any shortfall following a US decision ...

Opec struggles to keep Russia on board with oil cut, may offer shorter extension

Opec struggles to keep Russia on board with oil cut, may offer shorter extension

Saudi Arabia is having a hard time convincing Russia to stay much longer in an Opec-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three sources familiar with the matter said.

GECF, Opec secretaries general meet

GECF, Opec secretaries general meet

Gas Exporting Countries Forum (GECF) secretary-general Yury Sentyurin and Organisation of Petroleum Exporting Countries (Opec) secretary-general Mohamed Sanusi Barkindo met on Wednesday ...

Indian Oil signs first annual deal for US oil

Indian Oil signs first annual deal for US oil

Indian Oil Corp , the country's top refiner, has signed its first annual deal to buy US oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources ...

LNG output surge of 43% by 2024 to drive Qatar's next development phase

LNG output surge of 43% by 2024 to drive Qatar's next development phase

Qatar’s decision to step up annual liquefied natural gas (LNG) production capacity by 43% to 110mn tonnes within five years was among the energy sector highlights of 2018, a year in which the country also opted out of Organisation of the Petroleum Exporting Countries (Opec), which it joined in 1961,

Opec withdrawal fits Qatar’s LNG strategy, says US finance attache

Opec withdrawal fits Qatar’s LNG strategy, says US finance attache

Qatar’s recent decision to withdraw its membership from the Organisation of the Petroleum Exporting Countries (Opec) is a business decision that supports the country’s development strategy for its liquefied natural gas (LNG) sector

Qatar’s Opec exit represents a message that Doha wants to chart its own course: IIF

Qatar’s Opec exit represents a message that Doha wants to chart its own course: IIF

Qatar’s exit from Opec (Organisation of the Petroleum Exporting Countries) represents a symbolic message that Doha wants to chart its own course, according to an US economic think-tank.