Tag: opec

The Organization of the Petroleum Exporting Countries OPEC has received updated production compensation plans from four key members — Iraq, the UAE, Kazakhstan, and Oman — as part

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2026-01-09 opec

OPEC Approves New Compensation Plans to Support Oil Market Stability

The Organization of the Petroleum Exporting Countries OPEC has received updated production compensation plans from four key members — Iraq, the UAE, Kazakhstan,...

2026-01-08 opec

West Qurna 2 Moves Under Basra Oil Management by Iraqi Decision

The Iraqi government has approved transferring the management of oil extraction operations at West Qurna 2 to the state-owned Basra Oil Company, aiming to secur...

2025-12-14 opec

Oil Prices Post Weekly Losses Amid Oversupply Concerns

Oil prices edged lower at settlement on Friday, extending oil prices weekly losses as markets remained focused on concerns about global oversupply. The cautious...

2025-12-14 opec

Murban Crude Holds Steady as Energy Markets Watch Closely

Murban crude has been trading in a relatively steady range as investors monitor global energy markets and supply-demand balances. The performance of Murban crud...

2025-12-14 opec

Brent Crude Trades in a Stable Range as Energy Markets Monitor Supply

Brent crude has been trading within a relatively stable range as global energy markets balance supply and demand dynamics, with investors closely tracking econo...

2025-12-13 opec

West Qurna 2 Resumes Full Oil Production After Brief Maintenance Halt

West Qurna 2 has resumed operations after a brief halt lasting several hours due to scheduled maintenance, according to Ali Nizar Al-Shatari, Director General o...

2025-12-12 opec

Global Oil Demand Remains Strong in OPEC Forecasts for 2025 and 2026

Global oil demand is set to remain on a strong trajectory, according to OPEC’s latest monthly report, as energy markets are expected to stay broadly balanced ov...