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Home»Tag: OPEC

Tag Archives : OPEC

OPEC, ALLIES SAYS PRODUCTION CUTS AHEAD OF SCHEDULE
Business

OPEC, ALLIES SAYS PRODUCTION CUTS AHEAD OF SCHEDULE

Saheli 23 Jan 2017 397 Views

VIENNA (AP) — OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, Russia’s energy minister said Sunday. Alexander Novak’s ... Read More »

OPEC agrees to cut production by 700,000 barrels per day
Business

OPEC agrees to cut production by 700,000 barrels per day

Saheli 29 Sep 2016 393 Views

ALGIERS, SEPT 28:   OPEC had agreed on Wednesday for modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC made an exceptional decision today … After two-and-a-half years, OPEC ... Read More »

Botched Doha deal undermines OPEC credibility, oil prices tumble

Saheli 18 Apr 2016 358 Views

Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived ... Read More »

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