OPEC

Members of the Organization of the Petroleum Exporting Countries will hold their first meeting of the year on…

Iranian Oil Minister Rostam Qasemi says the crude in the newly-discovered oil reserves in Iran’s territorial waters…

Libya's Arabian Gulf Oil Company (Agoco) has cut oil production by another 10,000 barrels per day (bpd)…

Iran's Foreign Ministry Spokesman Ramin Mehmanparast says one of the main reasons behind the US sanctions against…

Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow OPEC members…

Iran's crude oil production is expected to fall by about 500,000 barrels per day by the end of this year due to a…

Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to…

OPEC is seeking a balance in world oil prices, but political instability rather than production issues are…

International oil expert, Dr. A. Hamid Majid, affirmed that huge reserves of heavy oil exist in the Wafra oilfield…

Top oil exporter Saudi Arabia stands ready to fill any oil supply gap - "perceived or real" - as oil prices rally…