OPEC, non-OPEC producers set for deal

OPEC headquarters in Vienna, Austria (@AFP) The Organization of the Petroleum Exporting Countries (OPEC) is expected to clinch a deal with non-OPEC producers to reduce oil output. OPEC has started a meeting with producers from outside the group in Vienna on Saturday amid hopes that non-OPEC producers will commit to slash 600,000 barrels per day […]

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OPEC states must work for stable oil market: Iranian President Hassan Rouhani

Iranian President Hassan Rouhani Iranian President Hassan Rouhani says all member states of the Organization of the Petroleum Exporting Countries (OPEC) must make joint efforts to stabilize the global oil market and reverse a slump in prices following their landmark supply-cut deal. In a telephone conversation with Venezuela’s President Nicolas Maduro on Thursday, Rouhani said […]

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Libya rejects OPEC production cuts

Chairman of Libya’s National Oil Corporation Mustafa Sanalla Libya says it cannot be part of an imminent deal by members of the Organization of the Petroleum Exporting Countries (OPEC) for cutting down oil production levels, saying it will push for increased income to make up for the militancy and political uncertainty in the country. “Libya is […]

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