WITH OIL prices close to all-time lows and oil companies tightening their belts, representatives of the Organisation of Petroleum Exporting Countries were last night gathering in Vienna ahead of today's biannual ministerial summit.Paterson, Lea...
Opec said the delay is because of a conflicting travel schedule for energy ministers of Mideast Gulf countries, as the Gulf Co-operation Council (GCC) leaders summit in Kuwait overlaps with the Opec+ meeting. The Opec+ meeting, which was to be held online, will coincide with a decision ...
6, 2018. No oil output cut decision was announced on Thursday after hours of the meeting. (Xinhua/Liu Xiang) Prev 1 2 3 Next KEY WORDS:OPEC YOU MAY LIKE Oil prices plunge as no pullback deal reached at OPEC meeting OPEC looking for sufficient oil output cut: Saudi Arabia ...
The OPEC member states should probe into the reasons behind Qatar's withdrawal from the cartel, as some oil producers have created problems for Qatar, Zanganeh added. The Iranian minister also ruled out the possibility of discussing the quota of Iran's oil output in the next OPEC meeting. "A...
Some news reports today are suggesting there may not even be a June 9/10 meeting if the compliance issue is not resolved – in which case the cuts would automatically be reduced to 7.7 million b/d for the rest of the year. We are skeptical about this and still think ...
Ahead of the meeting, the likely outcome was OPEC and non-OPEC members wouldagree to a supply cut of around 1 million to 1.4 million bpd. As always though, the hard part for the energy alliance is not figuring out a number, but rather how the group divvies up the cuts. ...
Although all eyes will be on the fate of the 2.2mn b/d cut at the upcoming meetings, the fact it is a voluntary pledge and one agreed by only a handful of countries means, in theory, a decision need not happen at the ministerial meeting. As the eight countries participating in that...
OPEC was expected to agree on the amount of oil output cut in Thursday's meeting, however, there was no announcement of the oil output cut agreement after hours of meeting of the oil pumpers on Thursday, and a scheduled press meeting was canceled. ...
opec logo is pictured ahead of an informal meeting between members of the organization of the petroleum exporting countries (opec) in algiers · reuters alex lawler and rania el gamal updated sun, nov 8, 2020, 5:40 a.m. 5 min read (this november 7 story has been refiled to add credit...
The decision was adopted in a stakeholder meeting titled “Semiconductors – A New Frontier for the Bangladesh Economy and Employment,” chaired by M Siraz Uddin Miah, Principal Secretary to the Chief Adviser at BIDA Headquarters in the capital on Wednesday, said a press release today. ...