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Tag: opec
Saudi Arabia Delays Setting May Prices, Looks to OPEC Meeting to Settle Price War
2020-04-06 15:23:04| OGI
Saudi�Arabia�is taking unprecedented action in delaying the release of its international crude selling�prices by five days, a senior�Saudi�source familiar with the matter said on April 5, as the kingdom and other major producers seek to halt the free-fall in worldwide crude�prices.
Tags: price
war
prices
meeting
OPEC+ Debates Biggest Ever Cut as Virus Destroys Oil Demand
2020-04-03 15:30:28| OGI
International producers are seeking cuts from US shale producers as well.
Calls Mount for New OPEC+ Deal as Oil Prices, Demand Slide
2020-03-27 15:00:03| OGI
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.
Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting
2020-03-18 10:10:00| OGI
In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.
Tags: meeting
oil
iraq
emergency
IEA, OPEC: Developing Nations May Lose Up To 85% Of Oil, Gas Income This Year
2020-03-17 14:18:29| OGI
This is likely to have major social and economic consequences, notably for public sector spending in vital areas like healthcare and education, the statement from�IEA�director Fatih Birol and�OPEC�secretary-general Mohammad Barkindo said.
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