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Oil prices fell as much as 4% on Wednesday after OPEC+, a consortium of the world's largest oil producers led by Saudi Arabia, announced it would push back its upcoming meeting to Nov. 30 from Nov ...
The OPEC+ members decided at an online meeting to postpone production increases that had been scheduled to take effect Jan. 1. ... OPEC has cut its forecast for 2025 demand growth to 1.54 million ...
At the 6th Ministerial Meeting of the GECF in Doha, it was decided to create a working group under the leadership of the Ministry of Industry and Energy of Russia to coordinate actions to form a full-fledged organization. This step was perceived as the inevitability of creating a gas analogue of OPEC. As a result, the agreement on the ...
On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.
OPEC Conference delegates at Swissotel, Quito, Ecuador, December 2010. The OPEC Conference is the supreme authority of the organisation, and consists of delegations normally headed by the oil ministers of member countries. The chief executive of the organisation is the OPEC secretary general. The conference ordinarily meets at the Vienna ...
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.
A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners ...
The ministerial conference was held in Cancún, Mexico, aiming at forging agreement on the Doha round.An alliance of 22 southern states, the G20 (led by India, China [2] and Brazil), resisted demands from the North for agreements on the so-called "Singapore issues" and called for an end to agricultural subsidies within the EU and the US.