Organization of the Petroleum-Exporting Countries (OPEC)

Iran reveals plans on oil output in 2017

Iran's oil output will rise to around 4 million barrels per day by the end of the year, Iran's deputy oil minister for trade and international affairs Amir Hossein Zamaninia said on Wednesday as the OPEC member tries to …

OPEC+ prepare continuity strategy

Participants in the OPEC+ oil production limiting agreement are working on the continuity strategy instead of preparing the strategy for exit from the deal expiring in March 2018, OPEC Secretary General Mohammed Barkindo said on the sidelines of …

Russia and OPEC to discuss oil in Istanbul

Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo and Russian Energy Minister Alexander Novak will hold talks at the 22nd World Petroleum Congress (WPC) in …

Novak: exit from OPEC deal should be smooth

Russian Energy Minister Alexander Novak said a global pact by OPEC, Russia and other producers to cut oil output had dampened price volatility and was reducing bloated inventories, so no immediate extra measures were needed to …

Oil rally fizzles on OPEC doubts

Crude oil prices come under pressure from doubts over whether or not there's an enduring appetite to voluntarily keep production levels lower

Oil prices hit 2016 lows

Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend that has undermined attempts by OPEC and others to support the market through reduced output.