Middle-east Arab News Opinion | Asharq Al-awsat

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Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a media conference in Baghdad, Iraq, May 22, 2017. REUTERS/Khalid al Mousily

Iraq Confirms Supporting OPEC Oil Cut Deal

by Asharq Al-Awsat | Sep 2, 2017 | Business

London- Iraq will support the decision to extend the deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries to cut oil output, if such decision is taken, Iraqi Oil Minister Jabbar Luaibi said Friday. Speaking at a joint conference...

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OPEC sign. (Reuters)

OPEC, Non-OPEC Meeting Proposed for Sept. 22

by Asharq Al-Awsat | Aug 23, 2017 | Business

London – The next meeting of a ministerial committee of OPEC and non-OPEC has been proposed for September 22 to discuss the countries’ production pact, according to two informed sources. The sources added that they are waiting for the ministers’ approval for the...

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Vice Custodian of the Two Holy Mosques Prince Mohammed bin Salman chairs a cabinet session in Jeddah on August 8. (SPA)

Saudi Arabia, Iraq Stress Commitment to Cut Oil Production

by Said Al-Abyad | Aug 11, 2017 | Business

Jeddah- Saudi Arabia and Iraq on Thursday reaffirmed their commitment to reduce their oil production under OPEC’s agreement to curb the global supply gap. Iraq has stressed that there was no disagreement with Saudi Arabia’s proposals to reduce oil production. In a...

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A worker checks the valves at Al-Sheiba oil refinery in Basra, Iraq, January 26, 2016. REUTERS/Essam Al-Sudani/File Photo

OPEC Invites Iraq, the UAE to Vienna this Month

by Wael Mahdi | Aug 10, 2017 | Business

Khobar – The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) has extended invitations to four OPEC and non-OPEC countries to attend a technical meeting to be held in Vienna this month, to monitor the commitment to an agreement to...

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A pump jack is seen during sunset at Lagunillas field in the eastern coast of Lake Maracaibo, Venezuela. Reuters

Oil Prices Drop from Nine-Week Highs

by Asharq Al-Awsat | Aug 8, 2017 | Business

Cairo- While an OPEC and non-OPEC Technical Committee is meeting in Abu Dhabi Monday and Tuesday to discuss means of strengthening compliance with the agreement to reduce production, oil prices edged lower on Monday, sliding away from nine-week highs, as worries...