Organization of the Petroleum Exporting Countries (OPEC)

India looking to compensate loss of Iranian oil
Middle East

India looking to compensate loss of Iranian oil

The United States on Monday said it will not extend sanctions exemptions to countries importing oil from Iran when they expire in…
As OPEC cuts, traders send European oil volumes to Asia
Business

As OPEC cuts, traders send European oil volumes to Asia

European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to…
OPEC, non-OPEC agree first global oil pact since 2001
Business

OPEC, non-OPEC agree first global oil pact since 2001

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a…
OPEC to meet non-OPEC producers on December 10 in Vienna: sources
Business

OPEC to meet non-OPEC producers on December 10 in Vienna: sources

OPEC will meet non-OPEC countries to finalize a global oil limiting pact on December 10 in Vienna, two sources told…
Non-OPEC yet to pledge concrete oil output steps after meeting OPEC
Business

Non-OPEC yet to pledge concrete oil output steps after meeting OPEC

Non-OPEC producers made no specific commitment on Saturday to join the Organisation of the Petroleum Exporting Countries in limiting oil…
US$60 oil is coming soon: Saudi Arabia
Business

US$60 oil is coming soon: Saudi Arabia

Crude oil could rise to US$60 a barrel by the end of the year, even without any help from OPEC.That…
Oil prices jump as Goldman Sachs says market flips into deficit
Business

Oil prices jump as Goldman Sachs says market flips into deficit

Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two…
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