For all OPEC members. $55 [per barrel] and a maximum of $60 is the goal at this stage.
Read More »Putin. Saudi Prince Praise Dialogue on Oil. Syria
Last December. Russia and 10 other non-OPEC nations agreed to join OPEC'.s output cuts for the first time in 15 years.
Read More »Saudi Petrochem Expansion. a Growing Challenge for NPC
The state-owned NPC is the top regulatory body of the petrochemical industry.
Read More »Rising Efforts for Joint Fields` Development
We need to shift our focus to speeding up the development of shared oil and gas fields.
Read More »Russia`s Novak Can Do More for Oil after OPEC Failure
Russia maintains its oil-price outlook at $50 to $60 on average for this year.
Read More »Oil Is Struggling to Recover from Its OPEC Disappointment
Prices edged higher by 0.35% to $48.88 in early trading on Friday.
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »OPEC Extends Oil Output Cut by Nine Months
OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.
Read More »Min: Iran Supports OPEC Oil Cut Extension
OPEC members are preparing to hold meeting on May 25 to discuss the market and oil cut deal in Vienna.
Read More »Kuwait: OPEC to Discuss Extending Output Cuts for 6 or 9 Months
Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.
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