Gulf Times - OPEC
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.

Al-Kaabi leads Qatar’s last delegation to Opec meeting

Al-Kaabi leads Qatar’s last delegation to Opec meeting

Minister of State for Energy Affairs HE Saad bin Sherida al-Kaabi led Qatar’s last delegation to the meetings of the Organisation of the Petroleum Exporting Countries (Opec), in the aftermath of Qatar withdrawing its membership in the organisation from 2019.

Opec, Russia close to slashing oil output despite US pressure

Opec, Russia close to slashing oil output despite US pressure

Opec and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from US President Donald Trump to reduce the price of crude.

Oil surges 5 pct as Opec agrees output cut

Oil surges 5 pct as Opec agrees output cut

Oil prices jumped more than 5 percent on Friday as big Middle East producers in Opec agreed to reduce output to drain global fuel inventories and support the market.

Opec tentatively agrees oil cut, waits for Russia to commit

Opec tentatively agrees oil cut, waits for Russia to commit

Opec tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-Opec heavyweight Russia before deciding the exact volumes for a production reduction ...

Trump asks OPEC not to cut production

Trump asks OPEC not to cut production

US President Donald Trump on Wednesday urged OPEC members not to slash production at their upcoming meeting, saying global oil prices should remain low.