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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 ...
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 meeting in Doha, Qatar, of the world's top oil producers, from both OPEC and non-OPEC countries, fails to agree on an output freeze. Oil analysts say the failure was due to Iran's non-participation, and Saudi Arabia linking its cooperation to Iran's inclusion. Oil prices drop in early Asian trading and on the New York Mercantile Exchange.
Members of OPEC meet in Doha, Qatar, amid uncertainty in the markets and the outcome of the meeting.Since 2014, the price of oil has dropped dramatically. Analysts hope that an agreement to freeze output will reassure global energy markets that the recent recovery in prices is sustainable.
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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.
On 30 June 2009, at the eight ministerial meeting of the Gas Exporting Countries Forum in Doha, Attiyah was elected as the chairman of the organization. [10] [11] [12] Although Gas Exporting Countries Forum has seen by some experts as an attempt to form 'gas-OPEC', Attiyah ruled out a creation of OPEC-like cartel. [13]