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March, Thursday



Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

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News // Middle East and OPEC

OPEC May Cut Output Again in March

Iraqi oil minister predicts OPEC will cut production in March
10 February 2009 , 11:49Ksenia Kochneva9550

OPEC Postpone 35 Oil Projects

OPEC nations have collectively postponed 35 oil drilling projects as low crude prices deter investment, a top OPEC official reported on Monday
10 February 2009 , 11:41Ksenia Kochneva12350

Deutsche Bank Predicts OPEC Cuts Won't Boost Oil Prices

Adam Sieminski, chief energy economist for Deutsche Bank told Reuters that the situation is difficult, and the previous cuts had effect
22 January 2009 , 12:0710400

Crude Oil Futures Gain A Bit In Price

The reason is expected additional production cuts by OPEC
14 January 2009 , 12:33Ksenia Kochneva10390

OPEC Oil Prices Rebound Slightly

The weekly average prices of OPEC rebounded slightly above $40 per barrel last week to $43.99
13 January 2009 , 12:42Ksenia Kochneva10330

Ecuador to Cut Foreign Cos' Oil Production

Ecuadorian President Rafael Correa warned that to comply with the cut in oil production ordered by OPEC, the government will reduce the volume produced by a number of foreign companies operating in Ecuador
31 December 2008 , 08:21Ksenia Kochneva11310

Eni To Develop Irani Oil Field

Bloomberg reported that Italian company gave its agreement to the third phase of Irani Darkhovin oil field
25 December 2008 , 09:55Ksenia Kochneva11200

Kuwait To Assess Investments in Energy Sector

Kuwaiti oil minister said that his country had to make a few amendments to its energy strategy
23 December 2008 , 08:30Ksenia Kochneva14460

OPEC's President Said Oil Prices Reached The Minimum

Oil prices have found a floor around current levels, OPEC President Chakib Khelil told Reuters on Friday
19 December 2008 , 15:32Ksenia Kochneva8840

OPEC Cuts Supplies By 2 Mln. Barrel a Day

The news was announced by the Oil Minister of Saudi Arabia
17 December 2008 , 11:48Ksenia Kochneva9160

OPEC Consider Russian Membership

OPEC could consider Russian membership to the cartel at a meeting today
17 December 2008 , 10:44Ksenia Kochneva11100

OPEC Wants Extension or Output Cut

Algerian Oil Minister Chakib Khelil, the current president of OPEC, urged Russia, Norway and Mexico to join or cut their crude production to show solidarity with the group
03 December 2008 , 12:29Ksenia Kochneva14680

OPEC Delayed Production Cut Announcement

The members agreed to "take any additional action ... to balance oil supply and demand, and achieve market stability" during their Dec. 17 extraordinary meeting in Oran, Algeria
01 December 2008 , 12:18Ksenia Kochneva14150

OPEC Seeks for Help from Non-Members

OPEC secretary-general Abdalla El-Badri said the group would seek help from nonmembers Russia, Mexico and Norway in restraining oil supply
01 December 2008 , 10:15Ksenia Kochneva14560

OPEC to Make Further Cuts

Having failed twice in two months to calm plunging oil markets, OPEC ministers are set to weigh another round of steep production cuts
28 November 2008 , 09:01Jo Amey9240

Oil Price Concerns Downplayed by UAE Leader

The president of the United Arab Emirates is downplaying concerns about falling oil prices ahead of an emergency OPEC meeting later this week
27 November 2008 , 11:43Jo Amey10440

OPEC Cute May Not be Followed by Nigeria

Nigeria have expressed that they may not feel obliged to carry out any further cuts in its daily crude oil production unless other OPEC member effect the cuts earlier agreed on by the body
27 November 2008 , 11:39Jo Amey7860

OPEC May Cut Output Again

OPEC could cut oil output for the second time in as many months at a meeting in Cairo on Saturday as weak demand and global recession jitters have driven prices under $US50 per barrel
27 November 2008 , 08:05Jo Amey7470

OPEC Faces Difficult Times

When OPEC announced late last month it was cutting crude oil output by 1.5 million barrels per day, the market barely hiccuped
21 November 2008 , 11:10Jo Amey7080

OPEC to Cooperate with Non-Member Oil Producers

OPEC will discuss talks with non-member oil producers on cooperating to manage the oil market when the exporter group meets in Cairo this month
19 November 2008 , 07:17Jo Amey8080

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