Organization of the Petroleum Exporting Countries

12 Dec 2023

As the COP28 summit in Dubai, UAE approaches its final day, the latest draft text, issued by President Sultan Al Jaber, has refrained from addressing the phasing out of fossil fuels.

10 Dec 2023

OPEC’s biggest producer Saudi Arabia and the biggest non-Opec producer Russia and other oil exporters want climate talks to focus on emissions and not on what causes them

09 Sep 2022

06 Dec 2019

While the move is widely seen as aimed at boosting the initial public offer (IPO) of Saudi Arabia’s state-owned oil producer Saudi Aramco, some market participants also believe the market is approaching the top of an important range above which oil needs more stimulus to push ahead

12 Sep 2019

07 Dec 2018

06 Dec 2018

04 Dec 2018

Qatar, the world’s largest exporter of liquified natural gas, plans to increase gas exports from 77 million tonnes per year to 110 million tonnes, while also raising its oil production from 4.8 million barrels to 6.5 million barrels

23 Jun 2018

Opec members agreed to a deal on Friday to increase oil supplies by about 1 million barrels of oil per day, equivalent to an increase of 1 per cent of global supplies

21 Jun 2018

14 Jun 2018

While the two countries compete in the acquisition of oil assets overseas, India and China have a common interest in keeping oil import prices low, considering its impact on domestic economies

06 Jun 2018

26 Sep 2016

03 Jun 2016

Despite the setback, Saudi Arabia moved to soothe market fears that failure to reach any deal would prompt it to raise production further to punish rivals and gain additional market share

11 Dec 2015

14 Dec 2011