Middle-east Arab News Opinion | Asharq Al-awsat

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REUTERS

OPEC: Higher Demand Forecast for Oil, Points to Tighter Markets in 2018

by Asharq Al-Awsat English | Oct 11, 2017 | Business

The Organization of the Petroleum Exporting Countries predicted higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival producers was getting rid of a glut, pointing to a tighter market that could move into a deficit next year....

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Illustration on Iraqi oil production, Bloomberg

Baghdad Oil Exports Threaten OPEC Production Cut Deal

by Wael Mahdi | Jan 11, 2017 | Business

Khobar- A majority of member states at the Organization of the Petroleum Exporting Countries (OPEC) have projected sincere intentions to lower oil production rates, promoting a cut deal to relieve the current market glut. The agreement aims at an overall 1.2 million...

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A worker looks on at the Bashneft-Ufaneftekhim oil refinery outside Ufa, Bashkortostan, Russia January 29, 2015. REUTERS/Sergei Karpukhin/File Photo

OPEC, Non-OPEC Agree on First Global Oil Pact Since 2001

by Asharq Al-Awsat English | Dec 10, 2016 | Business

OPEC and non-OPEC oil producers on Saturday struck their first deal in a little over a decade to cut back oil output jointly and ease a global glut. With the deal finally signed after almost a year of arguing within the Organization of the Petroleum Exporting...

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The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger/File Photo

OPEC, Non-OPEC Vienna Meeting Cancelled after Saudi Pull Back

by Asharq Al-Awsat | Nov 26, 2016 | Business

Vienna- The non-OPEC meeting expected on Monday has been officially cancelled, Bloomberg quoted a delegate as saying. The Nov. 28 meeting was set to bring together both OPEC and non-OPEC producers to discuss future measures, such as production cuts, to ease out the...