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Kazakhstan denies postponement of Kashagan maintenance due to gas shortage Tengrinews.kz - Kazakhstan government denied information about Ministry of Energy's request to postpone the planned maintenance scheduled for

06 September 2024

Oil prices fall due to investors uncertainty World oil prices declined on November 22 due to the uncertainty of investors regarding the possible outcome of a meeting of OPEC in Vienna.

23 November 2016

Oil prices gain despite rising OPEC supply forecast Oil prices on the rise joining the positive movement on equities markets despite a new forecast from producing countries for 2017.

13 September 2016

OPEC happy with oil market, kingpin Saudi says Saudi Arabia expressed confidence that oil prices will keep recovering.

02 June 2016

Oil plummets on Doha failure Oil plunged Monday a day after top producers failed to reach a deal in Doha to cap output.

18 April 2016

OPEC warns on oil 'oversupply' ahead of crunch Doha meeting OPEC warned that the world remains awash with crude ahead of a crunch meeting in Doha to discuss a production freeze to boost the oil price.

13 April 2016

Putin says agreement sealed with Russian oil firms to freeze output Russian President Vladimir Putin said Wednesday that he had sealed a pact with the country's oil majors to freeze production.

03 March 2016

Gulf monarchs seek united front at annual summit Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates face regional divisions, but will struggle to find common ground.

09 December 2015

OPEC chief confident of a balanced oil market in 2016 OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing.

12 October 2015

OPEC unlikely to lose oil influence to US shale: analysts OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale.

07 June 2015

OPEC expected to keep status quo on oil output OPEC ministers gather for an eagerly awaited meeting which is widely expected to leave its output levels unchanged, despite the recent oil price collapse and global oversupply.

05 June 2015

Venezuela seeks allies outside OPEC to steady oil prices Latin American crude producer Venezuela, struggling to cope with sharply lower oil prices, is seeking support outside OPEC to stabilise the market.

03 June 2015

Saudi oil minister says OPEC strategy working OPEC's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said.

02 June 2015

Venezuela's Maduro holds talks in OPEC kingpin Saudi Venezuelan President Nicolas Maduro held talks in OPEC's leading oil producer Saudi Arabia.

12 January 2015

Venezuela's Maduro in Iran for oil talks Venezuelan President Nicolas Maduro arrived in Tehran for a 24-hour visit during which he will meet officials from fellow OPEC member Iran.

10 January 2015

Venezuela's Maduro heads to China to seek financial aid Venezuelan President Nicolas Maduro begins a trip to China and OPEC member countries late Sunday in search of financial support.

05 January 2015

OPEC won't cut output even at $20 a barrel: Saudi OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.

23 December 2014

OPEC will not step in to support oil prices: Kuwait OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.

17 December 2014

Venezuela to slash budget after OPEC steadies output Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.

29 November 2014

OPEC mulls oil supply glut weighing on crude prices OPEC ministers met to try to work out a deal to tackle rising oil supplies that are weighing heavily on crude prices and the cartel's revenues.

27 November 2014

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