By the joint ministerial monitoring committee to the group of, JEDDAH - Russian Alexander Novak said on Sunday it was still too early to announce any proposals OPEC and non- OPEC oil producers... ..…

Saudi-led OPEC+ production cut strategy is still in place, and it's successful due to the negative repercussions of the sanctions on Iran and Venezuela. ... The main difference will be that Tehran has lost much of its OPEC powers, due to the departure of Qatar and the implosion of..…

ABU DHABI  - The United Arab Emirates's minister said on Wednesday he expects OPEC to finalize the charter with its non- OPEC partners June... ..…

OPEC's embargo was hailed at the time as the victory of 'Third World powers to bring West to its knees... ... For OPEC members who see U.S scaremongering about OPEC serves purpose it maintains the myth of OPEC's importance and keeps Western diplomats and policymakers..…

OPEC responded that they respected Qatar's decision.. It's the time that Middle East nation has left the organization since its founding in 1960. ..…

Any decline in Gulf countries could weigh in the relationship between the region and Washington while Donald Trump has stepped up several times to oppose such initiative of OPEC + group. His last statement on this issue is on Wednesday, with the US president saying on Twitter Hopefully..…

The cartel and its partners agreed to remove 1.2 million barrels day from the market, with Opec shouldering 800,000 barrels of the burden. ... The final deal is surprise, with Opec cutting 650,000 barrels of the total, according to delegates.. ..…

OPEC is meeting at its headquarters Vienna, Austria, on Thursday to decide its production policy.. ... The increase alone is equivalent to the output of OPEC United Arab Emirates.. ..…

Kuwait's oil ministry said on its Twitter on Wednesday that agreement is expected to be signed between OPEC and non- OPEC countries.. By talks with allies such as, OPEC meets on Thursday Vienna, followed Russia on Friday. ..…

committee of OPEC and its allies, including Russia, agreed on the need to cut oil in 2019, adding that volumes and the baseline for cuts were being debated.. ... OPEC wants to avert in global oil inventories like the one that sent prices from late 2014 into slump that brought Brent to..…