OPEC

OPEC meets non-OPEC nations for oil talks, gets Azeri support
Business

OPEC meets non-OPEC nations for oil talks, gets Azeri support

Officials from OPEC and non-member oil producing countries met on Saturday aiming to build support for an OPEC plan to…
Saudi King, Venezuelan president discuss oil market stability
Business

Saudi King, Venezuelan president discuss oil market stability

The king of Saudi Arabia, the world's largest oil exporter, met Venezuela's president on Sunday in Riyadh and discussed ways…
Saudi Arabia looks to Russia to boost non-OPEC cooperation
Business

Saudi Arabia looks to Russia to boost non-OPEC cooperation

Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf…
Iran to invite foreign companies to bidding on oil and gas
Business

Iran to invite foreign companies to bidding on oil and gas

Iran’s oil ministry website says the country will invite foreign companies on Monday to bid for oil and gas projects…
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
Business

Saudi Arabia’s Falih says OPEC should not crimp supply too tightly

Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said…
Oil hits highest since June on possible US inventory drop
Business

Oil hits highest since June on possible US inventory drop

Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S.…
Oil prices slip as hopes for a deal in Algiers fade
Business

Oil prices slip as hopes for a deal in Algiers fade

Crude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria…
Saudis offer oil cut for OPEC deal if Iran freezes output: sources
Business

Saudis offer oil cut for OPEC deal if Iran freezes output: sources

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in…
Oil climbs as Venezuela sees output deal, Libya suffers clashes
Business

Oil climbs as Venezuela sees output deal, Libya suffers clashes

Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an…
OPEC chief: Algiers meeting not for ‘decision making’: Algerian state media
Business

OPEC chief: Algiers meeting not for ‘decision making’: Algerian state media

OPEC Secretary-General Mohammed Barkindo said the meeting of OPEC members and non-OPEC producers in Algiers this month would be an…
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