The price of OPEC basket of fourteen crudes stood at US$67.36 barrel on Friday, July, compared with US$67.57 the day, according to OPEC Secretariat calculations.. The fourteen crudes, from separate OPEC member countries, include mix of blends and light and heavy crudes, including..…

Tehran's falling production, due to U.S sanctions reimposed and extended by Trump, has reduced its role within OPEC while increasing those of Saudi Arabia and non- OPEC Russia... The logo of Organisation of Petroleum Exporting Countries sits outside its headquarters ahead of..…

Iraq, Opec's second producer, will remain compliant with the production cuts for the half of the year, despite concerns about the threat to oil from escalating tensions in Middle East... ..…

Brent recovery this year -- with the biggest gain in almost decade -- is victory for the production cuts of OPEC and its allies. ... U.S data indicated that the crude stockpiles increased last week, month of production from OPEC cartel is tightening global supplies... ..…

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+ changed course making them wary of new glut.. OPEC's report said oil inventories in developed economies were above the five-year average January.. OPEC's share of the cut is 800,000 bpd, producers were over-delivering.. ..…

The tweet was Trump, and not the time he has attempted to bully OPEC. ..…

Non- OPEC oil growth in 2019 was revised up by 0.08 million barrels day to average 2.18 d, with reference to OPEC's February Monthly Oil Market Report .. ... OPEC believes that non- OPEC supply of 0.23 d compared with the month was driven by Canada, FSU and China.. ..…

International Brent crude oil futures had yet to trade, after closing up 0.4 percent in the previous session... ..…