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Oil future decided in Vienna

The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.

End of euro?

EU Chief's desperate plead to save eurozone – 'Give people back control'

Georgia's presidential reserve fund to be canceled

The Georgian presidential reserve fund will be canceled next year as no finances are allocated for it at this time.  This year the reserve fund contained 5 million GEL. In 2019, funding for the Georgian Presidential …

EU finance ministers agree to bolster eurozone

EU finance ministers have agreed on steps to bolster the eurozone against future financial crises, striking a deal after negotiations that went through the night. "We made it," Eurogroup President Mário …

Azerbaijan to take part in OPEC+ meeting in Vienna

Azerbaijani Energy Minister Parviz Shahbazov will arrive in Vienna to take part in the 5th OPEC and non-OPEC Ministerial Meeting, according to the Azerbaijani Ministry of Energy. Shahbazov will pay a visit to the …

OPEC receives Qatar's withdrawal letter

OPEC Secretary General Mohammad Sanusi Barkindo received a letter from Qatar giving notice of its intention to withdraw from its membership of OPEC, pursuant to Article 8 of the OPEC Statute, with effect from 1 January 2019. …

 Will Qatar trigger OPEC collapse?

Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) early next year, Qatar's energy minister Saad al-Kaabi said. Speaking at a news conference, al-Kaabi said the country would …

Brent oil jumps on U.S.-China trade war ceasefire

Oil prices soared by around 5% on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut. Brent crude oil …