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Tag: opec
Saudi Arabia Delays Setting May Prices, Looks to OPEC Meeting to Settle Price War
2020-04-06 15:23:04| OGI
Saudi Arabia is taking unprecedented action in delaying the release of its international crude selling prices by five days, a senior Saudi source familiar with the matter said on April 5, as the kingdom and other major producers seek to halt the free-fall in worldwide crude prices.
Tags: price
war
prices
meeting
OPEC+ Debates Biggest Ever Cut as Virus Destroys Oil Demand
2020-04-03 15:30:28| OGI
International producers are seeking cuts from US shale producers as well.
Calls Mount for New OPEC+ Deal as Oil Prices, Demand Slide
2020-03-27 15:00:03| OGI
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.
Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting
2020-03-18 10:10:00| OGI
In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.
Tags: meeting
oil
iraq
emergency
IEA, OPEC: Developing Nations May Lose Up To 85% Of Oil, Gas Income This Year
2020-03-17 14:18:29| OGI
This is likely to have major social and economic consequences, notably for public sector spending in vital areas like healthcare and education, the statement from IEA director Fatih Birol and OPEC secretary-general Mohammad Barkindo said.
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