Gulf Times - OPEC
Opec-GECF energy dialogue focuses on impact of Covid-19 on global economy, oil and gas markets

Opec-GECF energy dialogue focuses on impact of Covid-19 on global economy, oil and gas markets

An Opec-GECF energy dialogue through webinar focused on the impact of Covid-19 on global economy, oil and gas markets, medium- and long-term energy market assumptions and perspectives ...

Avoiding hugs, OPEC officials greet with their feet amid virus outbreak

Avoiding hugs, OPEC officials greet with their feet amid virus outbreak

When OPEC ministers descend on Vienna to decide oil production policy, their meetings are usually accompanied by displays of brotherhood between the men in charge of a third of global crude supplies.

Opec and allies agree to deepen oil output cuts

Opec and allies agree to deepen oil output cuts

Opec and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for the first three months of 2020.

GECF, Opec in pact to strengthen co-operation in research and sharing of best practices

GECF, Opec in pact to strengthen co-operation in research and sharing of best practices

Doha-headquartered Gas Exporting Countries Forum (GECF) and the Vienna-based Organisation of the Petroleum Exporting Countries (Opec) have entered into a pact to strengthen co-operation ...

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 ...