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March, Wednesday



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

Oil Traders Bet on OPEC Decision

Oil traders made their biggest bet yet that the Organization of Petroleum Exporting Countries will fail to prevent crude prices from plunging below $30 a barrel
14 November 2008 , 10:42Jo Amey7680

OPEC to Announce Further Supply Cuts

OPEC said yesterday that it will announce further oil output cut at the end of this month if global oil prices continue falling down
14 November 2008 , 07:45Jo Amey6870

Further 'Gas OPEC' Discussions Held

Iran, Qatar and Russia will hold the second round of their gas cooperation talks in Doha on November 12
10 November 2008 , 09:47Jo Amey10100

Saudi Arabia to Cut Oil Supplies by 5 Percent

Top oil exporter Saudi Arabia provided the most visible evidence yet of adhering to OPEC's deal to curb output by telling refiners in Asia that it would cut December supplies by 5 percent
10 November 2008 , 07:18Jo Amey6690

Pakistan and OPEC's OFID Sign Two Agreements

Pakistan and the OPEC Fund for International Development on Tuesday signed two Agreements for the Golan Gol Hydropower Project
05 November 2008 , 12:32Jo Amey16290

Iran Consider Further Oil Cuts

Iran have stated that OPEC may cut back further on production if the latest reduction does not stabilise crude prices
27 October 2008 , 08:50Jo Amey6500

OPEC Meeting Today is Likely to Cut Supply

It is expected that the emergency OPEC meeting held today in Vienna will mean a cut in oil supply
24 October 2008 , 10:19Jo Amey6230

Iran Say OPEC should cut oil output by two million barrels a day

A fall in demand means that OPEC should decide to cut production by two million barrels per day according to Iran's oil minister
23 October 2008 , 10:45Jo Amey5930

OPEC to Make Supply Cut Decision

A decision to slash production is expected by OPEC as the oil cartel faces its biggest test in more than a decade
22 October 2008 , 07:40Jo Amey6890

Cartel plans for Gas OPEC

The Iranian Oil Minister said on Tuesday there was a consensus to set up a gas OPEC
21 October 2008 , 14:18Jo Amey5590

OPEC Chief Says non-OPEC Countries Should Cut Oil Output

Among those that Chakib Khelil mentioned are Russia, Norway and Mexico
21 October 2008 , 12:54Ksenia Kochneva8110

Emergency OPEC Meeting Called as Oil Falls Further

OPEC have called an emergency meeting next week in response to oil prices dropping below $70 a barrel for the first time in 14 months
17 October 2008 , 08:00Jo Amey7250

Low Oil Prices Have Mixed Effects in the Middle East

Some of the Mideast's major oil-producing countries may be cushioned by the vast, oil-fueled budget surpluses now that crude prices have plummeted
15 October 2008 , 08:50Jo Amey6710

OPEC Will Cut Supply if Necessary

OPEC will consider cutting output if the world does not need its oil
14 October 2008 , 08:11Jo Amey7230

OPEC Price Bands System to Come Back?

Bernardo Alvarez, Venezuelian expelled ambassador to the U.S., former Hydrocarbons Vice Minister, and now a top adviser to Venezuelan president Hugo Chavez proposed the system of price bands controls coming back
10 October 2008 , 10:18Ksenia Kochneva10690

OPEC’s Emergency Meeting is Likely to Cut Oil Supply

OPEC is very likely to decide to cut oil production due to dramatic drops in oil prices
10 October 2008 , 10:10Jo Amey7550

OPEC Emergency Meeting in Vienna November, 18

OPEC memebers are worried over the effects of the global financial crisis on crude prices
10 October 2008 , 10:04Ksenia Kochneva7880

Russia is to visit OPEC meeting in December

A high-level delegation will be sent to Algeria to take part in OPEC meeting on December, 17
22 September 2008 , 12:15Ksenia Kochneva7260

Iran denies talks on Russian membership in OPEC

"Russia participated in the OPEC conference as an observer, and there was no specific consultation between Iran and Russia about OPEC membership", Iranian Oil Ministry official said.
18 September 2008 , 08:50Ksenia Kochneva6400

OPEC Invitation declined by Brazil

Brazil has declined Saudi Arabia's invitation to join OPEC
16 September 2008 , 12:16Jo Amey8970

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