September 2016 was a historical month for the Organization of the Petroleum Exporting Countries (OPEC). It was in Algeria that the group decided to cut production in the hope of lifting oil prices from their worst slump since the financial meltdown of 2007-2008.
October 13, 2018
The statement issued by the US State Department last week was unprecedented in the history of the relationship between OPEC and the US administrations.
October 07, 2018
The meeting of the Joint Ministerial Monitoring Committee — in charge of monitoring the current output cuts agreement between OPEC and their non-OPEC allies — on Sept. 23 was an easy one, contrary to what had been expected.
September 29, 2018
The meeting of the Joint Ministerial Monitoring Committee — in charge of monitoring the current global output cuts agreement between OPEC and their non-OPEC allies — on Sept. 23 isn’t going to be an easy meeting.
September 21, 2018
The oil market is “tightening up,” the US International Energy Agency (IEA) said in its monthly report last week.
September 16, 2018
While many major global investors think renewable energy and electrical vehicles will be dominant in the future, Saudi Aramco is making a different bet.
September 08, 2018
The years between 2005 and 2009 were tough ones for former oil minister Ali Al-Naimi.
August 31, 2018
Next year was supposed to be an interesting year for the equity market in Saudi Arabia and abroad because of the plans to sell a stake of Saudi Aramco to the public in what was expected to be the biggest initial public offering ever.
August 11, 2018
The first half of 2018 turned out to be a very successful period for OPEC and its allies. The alliance of OPEC and other non-OPEC producers, better known as OPEC+, was about to celebrate its triumph in June and declare that the job of rebalancing the oil market was done.
August 05, 2018
Has OPEC learned anything from its past?
July 31, 2018