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.
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 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.
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 ...
Qatar's decision to opt out of the Organisation of the Petroleum Exporting Countries (Opec) is timely and a step in the right direction as it will ensure Doha a proper positioning in the global gas market, according to a senior official of Amwal.
Clashes between the army and rebels loyal to a renegade former general in eastern DR Congo have killed 18 people, military sources said on Monday, in the latest violence before crucial elections to replace President Joseph Kabila this month.
A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday.
India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40 percent of the overall increase in global demand during the period, OPEC's secretary general said on Friday.