Archiv: OPEC (Organization of the Petroleum Exporting Countries )


31.07.2021 - 14:18 [ Common Dreams ]

The Soldiers Who Resisted the First Gulf War Deserve Recognition

Lwin, a Burmese-American student and Marine reservist of Fox Company, led seven others in his unit to resist the U.S. Marine Corps, ultimately joining a mass exodus of the military in which soldiers deserted at higher percentages than even in the Vietnam War. The story of why these soldiers resisted, how and with whose help is lesser known but deserves greater recognition.

21.10.2020 - 03:47 [ Al Arabiya ]

Saudi Arabia, US to increase cooperation in energy market, other sectors: Statement

During a press conference last week, Pompeo said the US supported “a robust program of arm sales to Saudi Arabia, a line of effort that helps the Kingdom protect its citizens and sustains American jobs.”

01.10.2020 - 04:31 [ Oilprice ]

Libya Oil Production Hits 300,000 Bpd As Another Oilfield Comes Online

Libya’s oil production has more than tripled since the port blockade has been lifted, reaching around 300,000 barrels per day (bpd) after the restart of another oilfield in the country, creating a new headache for fellow OPEC members who are trying to rebalance the market while demand is still weak.

17.05.2020 - 14:54 [ Al Jazeera ]

Iran media warn US against any move on fuel shipment to Venezuela

A senior official in President Donald Trump’s administration told Reuters News Agency last week the US was considering measures it could take in response to Iran’s shipment of fuel to crisis-stricken Venezuela.

26.04.2020 - 23:40 [ Reuters ]

U.S. renews waiver for Iraq to import Iranian electricity, shortens time

The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a State Department official said on Sunday, but this time for a shorter period of 30 days, adding that Washington would be reassessing whether to renew again once a ‘credible government’ is formed in Iraq.

26.04.2020 - 23:36 [ Kurdistan 24 ]

Iraq says it is taking measures to maintain electricity supply ahead of summer season

Baghdad meets a part of its demand by purchasing resources it needs to supply its power plants from its neighbors like Iran.

12.04.2020 - 01:07 [ Reuters ]

Mexican president’s nationalist oil vision fuels standoff with Saudis

The biggest supply cut ever contemplated by the world’s top oil producers is hanging in the balance as a refusal by Mexico’s leftist leader to imperil his plans to rebuild state oil company Pemex has angered the Saudi prince who helped craft the deal.

11.04.2020 - 11:47 [ Hurriyet ]

Putin, Trump discuss oil prices, coronavirus over phone

Russian President Vladimir Putin discussed with his U.S. counterpart Donald Trump on April 10 the situation at globals oil markets, and the coronavirus outbreak over phone.

„An exchange of views was held on the situation at the global oil market, including the agreement being worked out within the framework of OPEC on reducing production in order to stabilize world oil prices,“ the Kremlin press service said in a statement.

09.03.2020 - 15:59 [ CNN ]

Oil crashes by most since 1991 as Saudi Arabia launches price war

Saudi Arabia escalated the situation further over the weekend. The kingdom slashed its April official selling prices by $6 to $8, according to analysts, in a bid to retake market share and heap pressure on Russia.

09.03.2020 - 15:55 [ Japan Times ]

Collapse of OPEC talks blows hole in Russian-Saudi alliance

(07.03.2020)

The OPEC+ meeting in the diary for June was unlikely to go ahead, a delegate said, and the dates were removed from the cartel’s website. Another person said Russia was still willing to join those talks.

Senior OPEC officials, from Secretary-General Mohammad Barkindo to United Arab Emirates Energy Minsiter Suhail Al Mazrouei, still held out hope that Russia would come back into the fold.

09.03.2020 - 15:41 [ CNN ]

US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads

The S&P 500 (SPX) fell about 6%. The Dow (INDU) fell as many as 2,046 points. The Nasdaq Composite (COMP) was down 5.4%. The New York Stock Exchange halted trading for 15 minutes after stocks plunged more than 7%. They retraced some of their losses after the market reopened.

19.01.2020 - 12:07 [ Steffen Seibert / Twitter ]

Kanzlerin #Merkel ist heute Gastgeberin der #BerlinConference zu Libyen. Zur Vorgeschichte der Konferenz und ihren Zielen:

09.01.2020 - 16:32 [ Arab News ]

UAE sees no immediate risk to oil flow through Strait of Hormuz

The situation is not a war, and what is happening now should not be exaggerated, Suhail Al-Mazrouei said on the sidelines of a conference in Abu Dhabi, capital of the UAE, an OPEC producer.

“We will not see a war,” he added. “This is definitely an escalation between the US, which is an ally, and Iran, which is a neighbor, and the last thing we want is more tension in the Middle East.”

06.12.2019 - 10:56 [ Reuters ]

Saudi, Russia look to seal deeper output cuts with producers

Major oil producers Saudi Arabia and Russia will seek approval for deeper output cuts from OPEC and allies on Friday in an attempt to support prices and avoid a new oil glut.

20.09.2019 - 18:15 [ Moscow Times ]

Russia Could Gain From Saudi Oil Attack – Analysts

(17.09.2019)

Russia is set to be a major winner after an attack on Saudi Arabian oil facilities slashed production and ramped up tensions in the Middle East, analysts predict.

In a frantic day for the world’s markets, oil prices climbed by almost 15% Monday following the drone attacks on Abqaiq, Saudi Arabia’s largest oil refinery, which pumps around 5% of the world’s oil supply.

15.09.2019 - 08:13 [ theGuardian.com ]

Pompeo: Iran behind attack on Saudi oil facilities that will reduce kingdom’s output

On Saturday, before Pompeo’s tweet, the White House said Trump had spoken to Saudi Crown Prince Mohammad bin Salman, “to offer his support for Saudi Arabia’s self-defense”.

14.09.2019 - 21:09 [ Wall Street Journal ]

Saudi Arabia Shuts Down About Half Its Oil Output After Drone Strikes

(14.09.2019)

Yemen’s Iranian-aligned Houthi rebels claimed credit for the attack, saying they sent 10 drones to strike at important facilities in Saudi Arabia’s oil-rich Eastern Province. The production shutdown amounts to a loss of about five million barrels a day, the people said,…

14.09.2019 - 21:04 [ Today.ng ]

Saudi, Russia call for better compliance with OPEC oil cuts

(12.09.2019)

Oil prices tumbled more than 2 per cent on Wednesday after a report that U.S. President Donald Trump was considering easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about energy demand.

20.07.2019 - 18:24 [ Yahoo.com ]

Russia agrees with Saudi Arabia to extend OPEC+ oil output deal

(29.07.2019)

Putin, speaking after talks with Saudi Crown Prince Mohammed bin Salman, told a news conference the deal – which is due to expire on Sunday – would be extended in its current form and with the same volumes.

04.02.2019 - 10:58 [ Oilprice.com ]

Crude Realities of Venezuela’s Future

(1.2.2019) USA being the largest buyers of Venezuelan heavy crude tightening all screws around Maduro. Madura seems adamant and expecting some help from Russia or Iran to bail him out of the situation, but that seems unlikely under the current circumstances. PDVSA being the special purpose vehicle for Maduro seems running out of fuel very soon and will not be able to support Maduro very long. China is withholding business ties and ongoing Refinery project JVs with PDVSA in the situations . Under this circumstances , all roads for Maduro are coming to an end.

04.02.2019 - 10:32 [ @mnaEN / Twitter ]

#OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as top exporter #SaudiArabia over-delivered on the group’s supply pact while #Iran, #Libya and #Venezuela registered involuntary declines.

(31.1.2019)

04.02.2019 - 10:23 [ Oilprice.com ]

Oil Soars After OPEC And Partners Reach Deal

(7.12.2018) As talks resumed on Friday, Iran continued to refuse to accept wording that it would ‘cut’ and insisted on ‘exemption’, remaining the only sticking point in the OPEC negotiations, while the deal broker, Russia’s Energy Minister Alexander Novak, flew in from Moscow for the non-OPEC part meeting, and sat down for separate talks with each of oil ministers of Iran and Saudi Arabia, Bijan Zangeneh and Khalid al-Falih, respectively.

04.02.2019 - 10:12 [ Forbes ]

High Five At OPEC: Russia And Saudi Arabia Agree To 1.2Mbd Production Cut

(7.12.2018) The countries gathered in Vienna are part of the so-called OPEC+ super-cartel, which includes ten non-OPEC members such as Russia and Kazakhstan. Together, they possess unprecedented influence over the world economy, controlling 55% of global oil supplies and 90% of proven reserves.

04.02.2019 - 10:10 [ theNational.ae ]

Russia and Saudi Arabia to extend Opec+ accord, Putin says

(2.12.2018) Russian President Vladimir Putin said on Saturday he had no concrete figures on possible oil output cuts as Russia and Saudi Arabia agreed to extend their accord to manage the oil market, known as Opec+, into 2019, following a meeting on the sidelines of the G20 summit between Mr Putin and Saudi Arabian Crown Prince Mohammed bin Salman.

04.02.2019 - 09:53 [ Sputniknews.com ]

Russia, Saudi Arabia Move to Control Global Oil Markets – Analyst

(17.6.2018) „This means that the concerted efforts of the OPEC oil cartel, which is regulated first and foremost by the Saudis, and the group of independent oil producing countries led by Russia proved their effectiveness in terms of coordinated actions on global markets. And if this global control mechanism is working, there’s no reason to alter it or get rid of it even as things have finally stabilized,“ the analyst said.

30.01.2019 - 03:03 [ Reuters ]

Oil stable as economic outlook weighs, Venezuela concerns support

“The (Venezuelan) export volumes will not be eliminated from the market, but rather rerouted to other countries,” said Paola Rodriguez-Masiu, an analyst at consultancy Rystad Energy.

With the United States dropping out as a customer for Venezuelan oil, she added that “China and India … will be able to pick up these oil volumes at great discounts”.