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The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts ...
Saudi Arabia, the dominant producer in the OPEC oil cartel, was one of several members that agreed on a surprise cut of 1.6 million barrels per day in April. The kingdom’s share was 500,000. The ...
Dan Dicker, The Energy Word Founder joins the On the Move Panel to discuss the latest OPEC news. OPEC's forecast should be taken with a mountain of salt, not a grain: Energy Markets Expert [Video ...
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However, in 1973, the result was a sharp rise in oil prices and OPEC revenues, from US$3/bbl to US$12/bbl, and an emergency period of energy rationing, intensified by panic reactions, a declining trend in US oil production, currency devaluations, [55] and a lengthy UK coal-miners dispute.
List of OPEC secretaries general No. Name Country Tenure 1: Fuad Rouhani [A] Iran [B] 21 Jan 1961 – 30 Apr 1964 2: Abdul Rahman al-Bazzaz [A] Iraq [B] 1 May 1964 – 30 Apr 1965 3: Ashraf T. Lutfi Kuwait [B] 1 May 1965 – 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia [B] 1 Jan 1967 – 31 Dec 1967 5: Francisco R. Parra Venezuela [B]
Saudi Arabia's Minister of Energy Abdulaziz bin Salman, center, during a press conference with other leaders Wednesday after the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria.