Search for Opec

01.03.2016 Iraq is Second-leading Contributor to Global Liquids Supply Growth in 2015

Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States.

24.02.2016 OPEC Doesn’t Know How it Can ‘Live Together’ With Shale Oil


OPEC and U.S. shale may need a relationship counselor.

18.02.2016 Goldman Says Producers Freezing Oil Output Won't Help Prices

by Sharon Cho

The first coordinated decision on oil output between OPEC and producers outside the group in fifteen years isn’t going to revive crude prices, according to Goldman Sachs Group Inc.

18.02.2016 Iran Supports Moves to Improve Oil Price: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.

17.02.2016 Iran Not to Forgo its Oil Market Share: Minister

Petroleum Minister Bijan Zangeneh stressed that Iran will not give up its quota in the international crude oil market adding that Tehran will be hosting a tripartite ministerial meeting to be participated by his Iraqi and Venezuelan counterparts on Wednesday.

08.02.2016 DW: Oversupplied Market Eying Floating Storage Opportunities

Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected to remain as the market is yet to find a new equilibrium.

03.02.2016 Platts Factbox: Russia's Checkered History on Supply Cooperation with OPEC

London (Platts)--29 January, 2016. Speculation over a joint effort by OPEC and Russia to support oil prices by cutting output reached fever pitch this week after Moscow said it was ready to discuss a coordinated approach with the producer group.

28.01.2016 Russia and Oil Industry Bosses Discuss Whether to Work with OPEC


MOSCOW (Bloomberg) -- The Russian government and oil company bosses discussed whether the country should coordinate production with the Organization of Petroleum Exporting Countries to revive slumping prices.