All about OPEC

The 169th Organization Of Petroleum Exporting Countries (OPEC) Conference
By Edition On Monday, December 3rd, 2018

Qatar is leaving OPEC

Qatar will leave OPEC in January 2019 to focus its efforts on plans to develop and increase its natural gas production, a decision is confirmed today by the country's state oil company (the Qatar Petroleum) just More...

By Edition On Tuesday, May 15th, 2018

Crude oil rises despite weaker commodities

WASHINGTON - Crude oil futures rose Tuesday, even as US stocks and other commodities melted down. Oil has surged to 4-year highs amid speculation that OPEC will continue to cut production. Saudi Arabia and other More...

By Edition On Monday, May 7th, 2018

WTI oil rises above $70 a barrel on U.S.-Iran sanctions

NEW YORK - Crude futures in New York topped $70 a barrel for the first time since November 2014 as traders brace for a re-imposition of U.S. sanctions on Iran that risks disrupting exports from OPEC’s third-largest More...

By Edition On Wednesday, December 27th, 2017

Oil hits $60 a barrel for the first time in 2.5 years

HOUSTON - Oil prices spiked to their highest level in two and a half years after a pipeline exploded in Libya. Libya's state-run National Oil Corporation said the explosion jeopardized output by up to 100,000 barrels More...

By Edition On Wednesday, November 30th, 2016

OPEC reaches deal to cut oil production

VIENNA - OPEC representatives reached a deal to cut oil production after months of wrangling Wednesday, in an effort to lift sagging prices and reassert the cartel’s influence over a market increasingly dominated More...

Oil spill
By Edition On Wednesday, February 3rd, 2016

U.S. supplies OPEC with oil in Curaçao after 40 years of export ban

WILLEMSTAD – According to Bloomberg Business, the U.S. is now supplying OPEC with crude oil. Petroleos de Venezuela SA (PDVSA) received a cargo of West Texas Intermediate crude at the end of January at a terminal More...

By Edition On Wednesday, January 27th, 2016

Iran says Venezuela meeting with OPEC will have a negative impact

CARACAS, TEHERAN - Venezuela has called an emergency meeting to discuss steps to boost oil prices, minimal since 2003. But Iran and the Persian Gulf OPEC members have refused to call a special session. The Iranian More...

Oil Barrels with Red Arrow isolated on white background. 3D render
By Edition On Wednesday, February 11th, 2015

The end of OPEC? Oil prices could fall to $20 per barrel

Despite the recent rise in oil prices, it is possible that in the near future it could be reduced to $ 20 per barrel, according to a report by Citigroup. Although in recent weeks the global downturn in spending More...

By Edition On Monday, January 12th, 2015

Venezuela and Saudi Arabia cooperate to stabilize oil prices

WILLEMSTAD - During the visit of the Venezuelan delegation to Saudi Arabia, as part of the tour of President Nicolas Maduro to the member countries of the OPEC, Riyadh and Caracas agreed to cooperate to achieve More...

oil refinery
By Edition On Wednesday, January 7th, 2015

Oil steady above $50 as investors take stock after slide

Brent crude oil recovered slightly after falling below $50 (33 pounds) a barrel on Wednesday for the first time since May 2009, as traders took stock after a sharp slide since the start of the year. A growing supply More...