Iraq committed to OPECs limit of 4 million barrels per day
Following its second voluntary cut announced in December, Iraq is also committed to producing no more than 4 million barrels per day (bpd), ...
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IMPORTANT NEWS: Angola Exits OPEC Membership After 16 Years Due to Oil Production Cuts
After 16 years of membership, the African country has left the cartel. After Angola quit OPEC, several members reaffirmed their commitment...
OPEC warns on the dangers of abandoning fossil fuels; Could cause dire consequences for economies and billion of people
In response to the International Energy Agency's prediction that oil demand will peak before the decade's end, the Organization of t...
Summary of OPEC Secretary General's Speech at the G20 Energy Ministerial Meeting
Speech by HE Haitham Al Ghais, OPEC Secretary General, at the G20 Energy Ministerial Meeting, 22 July 2023, Goa, India. Thank you to the Go...
The Global Oil Market is Controlled by Four Factors, According to Iraq's Oil Minister
The Ministry of Oil declared at the start of the week that four components influence the global oil market’s stability while clearing up O...
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