Organization of the Petroleum-Exporting Countries (OPEC)

 Saudi Arabia oil exports decline slightly in June

Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day (bpd), 35,000 bpd lower than the May level, official data showed. OPEC's biggest producer also pumped 10.070 million bpd in June, up 190,000 …

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 Oil prices drop amid oversupply concern

Oil prices fell on Friday, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories. Brent crude was at $51.62 a barrel at 0652 GMT, down 28 cents (0.54%) from its last close. That …

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OPEC, non-OPEC states to discuss oil cut deal in UAE

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) plans to meet in Abu Dhabi, UAE, to discuss the compliance of oil producers, obliged to cut production, News.az reported. According to the latest OPEC’s assessment, …

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 Excellent result of OPEC+

OPEC Secretary General Mohammad Barkindo evaluates the results of the deal of OPEC and non-cartel oil producers to cut oil output as excellent. "Both OPEC and non-cartel countries, in spite of all difficulties, in …

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 OPEC+ Committee to meet in Russia for first time

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will hold a meeting in St. Petersburg today to track the implementation of the Vienna deal on oil output cuts. The event is set to give recommendations to the 24 major oil …

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Opec chief says oil rebalancing to gain momentum

The oil market will need more crude from Libya and Nigeria as it re-balances, the Opec secretary general Mohammad Barkindo said, The National reports. Compliance with production cuts by members of Opec is …

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