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OPEC Secretary General Calls For Coordination Between Oil Exporting Countries

OPEC’s Secretary General Haitham Al Ghais and Iraq’s Prime Minister met over the weekend and called for coordinated action among oil exporters globally in...
News

Kuwait Cabinet Resigns After Disputes With Parliament

The Kuwait cabinet has resigned after disputes with opposition-led parliament. Prime Minister Sheikh Ahmed Nawaf al-Ahmed Al-Sabah submitted the cabinet’s resignation to Crown Prince Sheikh...
Headline

OPEC’s Oil Production Rises But Still Well Below OPEC+ Target

OPEC’s total crude oil production rose by 216,000 barrels per day (bpd) in July compared to June, but combined production from the 10 OPEC...
News

OPEC’s New Secretary General, Al-Ghais of Kuwait, Takes Office

Hitham Al-Ghais of Kuwait on Monday assumed office as the new Secretary General of the Organisation of Petroleum Exporting Countries (OPEC). Al-Ghais was appointed as...
News

Biden Advisor Sees OPEC+ Raising Oil Production

Biden advisor Hochstein expects OPEC+ to take a few more steps to boost supply. Hochstein didn't elaborate on how much spare capacity OPEC+...
Energy

OPEC+ Fails To Meet Output Target Once Again

Platts survey shows that OPEC+ missed its production target again in May. In April, OPEC alone missed its target by 2.7 million barrels...
News

OPEC Daily Basket Price Closes At $121.54 Per Barrel

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel as of...
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