Tag Archives: OPEC

The organization of countries — exporters of oil at a meeting in Vienna to elect a new leader. They became the Nigerian Mohammed Barkindo, formerly head of the Nigerian National Petroleum Corporation. Barkindo will take office August 1, succeeding current Secretary General Abdallah Salem al-Badri (Libya), who holds the post …

Representatives of member countries of the OPEC again failed to agree on limiting crude oil production. About it reports Reuters with a reference to one of the delegates of the meeting held on Thursday, June 2, in Vienna at the headquarters of the organization. In addition, it is reported that …

The head of OPEC Abdalla Salem al-Badri believes that in the near future will be an improvement of price dynamics on the market of black gold. A bad period in the oil market has ended and in coming days it is possible to increase price movements, said the head of …

OPEC members will revive the idea of maintaining a certain level of production during the talks behind closed doors on the eve of the formal meeting. Of this, Saudi Arabia requires to raise the maximum level of production. The Wall Street Journal, with reference to the delegates of the countries-OPEC …

Saudi Arabia has been fighting with other OPEC members, since the fall in oil prices two years ago. And soon the Kingdom will be able to prove that his strategy to oust competitors from the market quite successful. Squeeze all the key players, the Saudis were able to almost completely …

Oil production by member countries of OPEC in may decreased due to militant attacks on oil companies in Nigeria. About it reports Reuters, citing its own research. According to him, overall production was down to 32.52 million barrels per day of 32.64 million barrels a day in April. While in …

World oil prices decline on Wednesday as investors fear the increase of quotas for oil production by member countries at the OPEC meeting in Vienna, according to the auction. As at 06.59 Moscow time the cost of the August futures for North sea petroleum mix of mark Brent has decreased …

Poor OPEC members — Angola, Venezuela, Nigeria and Iraq, who received loans in the context of high oil prices — due to falling prices was in debt, writes Reuters Wednesday, may 25. Now to service their financial obligations these countries have to put to its creditors three times more oil …

The President of OPEC, Minister of energy of Qatar Mohammed bin Saleh al-Sada has not excluded that negotiations on the reduction of oil production can be resumed, announced on Tuesday, may 24, Associated Press. According to him, now it is necessary price of at least $ 65 per barrel, which …

A few weeks before the meeting of the members of the Organization of countries-exporters of oil, is scheduled for June 2, one of the leading representatives of the Russian oil industry made the kind of Eulogy speech to the OPEC. In his interview to the Agency “Reuters”, which was published …