Tag: OPEC

Iran’s OPEC governor dies after brain haemorrhage

Ardebili was a survivor of the 1981 bombing of the Islamic Republic Party headquarters in Tehran which killed 73 top Iranian officials. TEHRAN: Iran's OPEC...

Oil majors slash output to help Kazakhstan comply with OPEC+ deal

Chevron-led Tengizchevroil (TCO), operator of the giant Tengiz oilfield, said on Friday it would follow Kazakhstan's decree imposing production cuts. "TCO, as a law-abiding...

Most Gulf stocks fall as OPEC, IEA see lower oil demand

In Dubai, the index contracted 1.4%, with Emirates NBD Bank falling 3.4% and blue-chip developer Emaar Properties shedding 1.2%. Most stock markets across the oil-reliant...

Saudi Arabia deepens oil cuts as weak demand weighs on prices

The Kingdom aims through this additional cut to encourage OPEC+ participants, as well as other producing countries. Saudi energy ministry official said new cuts...

Saudi Arabia to slash June oil output by an extra 1 mn bpd: ministry

This brings the total production cut that will be carried out by the Kingdom, to around 4.8 million barrels per day. DUBAI: A Saudi Arabian...

Russian oil output falls near to OPEC+ target

Together with gas condensate, or light oil, the country's output was 9.5 million bpd for May 1-5, the first time it has fallen below...

Saudi Arabia’s oil exports to drop in May as demand slides

Saudi crude oil exports for May are expected to be about 6 million bpd, industry sources said, with Asia taking about 4 million bpd. ...

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