Tag: OPEC
Qatar to quit Saudi-dominated OPEC in 2019
AFP | Qatar will leave OPEC next month in order to focus on gas production, the Gulf state's new Energy Minister Saad al-Kaabi announced Monday,...
Lowering Oil Output: OPEC in Trump’s storm
AFP | OPEC members and other oil-producing countries convene in Vienna this week to discuss lowering their output, as they scramble to buffer their earnings...
Iraq PM looks to calm Basra unrest as demos spread
News Desk | Iraqi Prime Minister Haider al-Abadi sought Friday to restore calm in the city of Basra after days of protests over unemployment, as...
Global petrol price hike reflected in Pakistan; creates difficulties for citizens
News Analysis | The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s President Ghazanfar Bilour has termed the most recent surge in petroleum prices...
Is US still the only superpower in world?
Joseph Davis | The gradual, controlled demolition of the United States continues unabated. On the surface, this appears to be a global power shift from...
Is US running out of friends?
M K Bhadrakumar | An amazing week is unfolding in West Asian politics. It began with three dramatic developments on Monday – Turkish troops crossing...
The Russian-Saudi joint energy fund will keep bilateral relations on right...
Andrew Korybko | Russian Energy Minister Alexander Novak announced the measure and told Russian media that “Our focus is not just on strengthening our cooperation...
Saudi King to visit Moscow: Expects Russia’s help to bring the...
M K Bhadrakumar | The forthcoming visit by Saudi King Salman bin Abdulaziz to Russia (October 4-7) carries great symbolism. Such poignancy is for several reasons –...
Will Venezuela go the way Libya did after its announcement on...
Andrew Korybko | Venezuela recently announced that it is de-dollarizing its future oil contracts and switching to euros and yuan instead. The move comes after the...
Surge of Saudi nationalism hurts US interests
M K Bhadrakumar | Reading tea leaves in Saudi politics is hazardous. That makes Moscow’s jubilation over the appointment of Mohammed bin Salman as the...
The Ummah : The fresh Princes of Bel Arabia and Muhammad...
Haider Mehdi | King Salman, by elevating his son, the 31 years Mohammed Bin Salman, or MBS, as Crown Prince, may actually have signed MBS’s...
Prince Salman: An outlier in the conservative state
M. K. Bhadrakumar | The royal decree of June 21 by Saudi Arabia’s King Salman appointing his son Mohammed bin Salman as the Crown Prince and next...
Deepest Oil Cuts in World’s Top Market Didn’t Need OPEC Deal
Malaysia and Brunei are doing their bit for the global pact to rebalance oil markets, but the biggest production cuts in Asia are coming...
Iran Races to Clinch Oil Deals Before Donald Trump Takes Office
TEHRAN — President Hassan Rouhani of Iran is racing to sign as many oil deals with Western companies as he can before hard-liners at home...
Oil prices slip as persistent fuel glut returns to focus
Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and...
Why OPEC Still Can’t Get Iran To Cut Oil Production
OPEC members have in recent months repeatedly met to discuss production cuts. The cartel’s members are suffering from the dramatic decline in oil prices...
‘Price of Oil May Climb to $60 By Year End’ Saudi...
Saudi Arabia says the price of crude oil may climb to 60 US dollars a barrel by the end of the year. The country...