site.news_by_theme OPEC
Oil prices mixed ahead of key OPEC meeting
Oil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.
24 November 2014
Kuwait sees no output cut at OPEC meeting
OPEC is not likely to cut crude output when it meets later this month amid hopes that the market will absorb surplus supplies, the Kuwaiti oil minister said.
11 November 2014
Venezuela wants extra OPEC meeting to halt oil-price drop
Venezuela will ask for an emergency meeting of OPEC countries to try to halt sliding oil prices, Foreign Minister Rafael Ramirez said.
11 October 2014
No need for urgent OPEC meet on lower oil price: Kuwait
OPEC member Kuwait said there was no need to call an emergency meeting for the producers' cartel to discuss sliding oil prices after crude hit a 17-month low.
11 September 2014
Kazakhstan to expand cooperation with OPEC
Kazakhstan, a Central Asian oil producer, will expand its cooperation with the Organization of Petroleum Exporting Countries (OPEC).
14 July 2014
American Airlines, owed $750 mn, trims flights to Venezuela
American Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.
18 June 2014
El Salvador joins cut-rate oil grouping
El Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.
03 June 2014
Venezuela to repay $2 bn of debt to local importers
Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.
31 May 2014
Mistrust overshadows Obama's Saudi trip
King Abdullah meets President Barack Obama Friday as mistrust fuelled by differences over Iran and Syria overshadows a decades-long Saudi-US alliance.
28 March 2014
Anti-government rally called in Caracas amid new violence
Students and opponents of the Venezuelan government have called a new rally for Wednesday to mark a month of protests in Caracas, as the death toll from demo-related violence reached 21.
12 March 2014
Oil markets tight, IEA warns
World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.
14 February 2014
Maduro says no chance of coup after deadly Venezuela demos
President Nicolas Maduro vowed Wednesday to tighten security in cities across Venezuela after protests against his government turned deadly, killing three people and injuring 26 others.
13 February 2014
Oil prices up on escalating South Sudan violence
Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.
26 December 2013
OPEC to sit tight over oil output on supply strains
OPEC is set to stick to its oil output limit at a meeting here on Wednesday, even as Iraq and Iran eye higher crude exports amid slashed Libyan production.
04 December 2013
Maduro says gov't in Venezuela will set car prices
President Nicolas Maduro said Monday his leftist government will set car prices in a bid to lower their cost.
03 December 2013
OPEC set to hold oil output ceiling again
The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand.
31 May 2013
Kazakhstan and Russia to benefit from OPEC break-up
Organization of Petroleum Exporting Countries OPEC is about to fall apart.
09 June 2011