Middle-east Arab News Opinion | Asharq Al-awsat

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A table with OPEC logo is seen during the presentation of OPEC’s 2013 World Oil Outlook in Vienna , November 7, 2013. REUTERS/Leonhard Foeger

Oil Rises as OPEC Achieves Output Targets

by Asharq Al-Awsat English | Mar 1, 2017 | Business

Oil rates registered a substantial increase on Wednesday as optimism flooded the market in response to OPEC members sticking to a cut in production. The rise in prices happened despite United States production rocketing on a gain oriented approach. The Organization of...

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A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

OPEC Expects New Oil Production Cuts

by Asharq Al-Awsat | Feb 22, 2017 | Business

London – Organization of Petroleum Exporting Countries (OPEC) expressed its optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a surplus that has weighed the market. OPEC Secretary General Mohammad...

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An employee pumps petrol into a car at a petrol station in Hanoi, Vietnam December 20, 2106. REUTERS/Kham

Oil Rises after Reports on OPEC Extending Supply-Reduction Pact

by Asharq Al-Awsat | Feb 17, 2017 | Business

London- Oil prices ended modestly higher on Thursday after sources said the Organization of the Petroleum Exporting Countries (OPEC) may consider extending its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories...

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File picture taken on July 3, 2001 showing the OPEC headquarters in Vienna, Austria. -Getty Images

Yergin: ‘Saudi Arabia Led OPEC Members in Complying with Production Cuts’

by Wael Mahdi | Feb 15, 2017 | Business

Kuwait- There are two factors affecting the oil market nowadays, according to the oil Historian and Analyst Daniel Yergin. Yergin said the first factor is the deal concluded between OPEC members and other independent producers to cut production, and the second is the...

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OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina

OPEC: Big Saudi Oil Cut Boosts Compliance with Deal

by Asharq Al-Awsat English | Feb 13, 2017 | Business

OPEC’s oil giant, Saudi Arabia, made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a record high of more than 90 percent. “The preliminary numbers are...