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Qatar to pull out of OPEC

Qatar to pull out of OPEC

Doha : Qatar on Monday announced that it intends to withdraw from the Organization of Petroleum Exporting Countries (OPEC) after nearly 60 years of membership in order to focus on its plans to increase natural gas production. The planned January ...

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Oil prices decline ahead of OPEC meeting

Oil prices decline ahead of OPEC meeting

New York : Oil prices declined as investors became cautious ahead of an OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said. OPEC and other key oil producers will meet on November 30 to discuss ...

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Oil prices rise amid OPEC monthly report

Oil prices rise amid OPEC monthly report

New York : Oil prices rallied for a third straight session as the Organization of the Petroleum Exporting Countries (OPEC) said the oil market showed signs of rebalancing. The West Texas Intermediate for November delivery on Wednesday increased $0.38 to ...

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UAE to cut oil production by 139,000 barrels

UAE to cut oil production by 139,000 barrels

Dubai : United Arab Emirates (UAE) Minister of Energy Suhail Al-Mazrouei said on Sunday UAE is to cut oil production by 139,000 barrels per day in November in line with an Organisation of Petroleum Exporting Countries (OPEC) decision. The state-owned ...

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