The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded on 14 September 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. Read More
Big oil producers led by Saudi Arabia and Russia agreed on Sunday to cut output by 9.7 million barrels a day as energy markets grapple with the fallout from the coronavirus pandemic. ...
Opec producers and allies have agreed a record oil deal that will slash global output by about 10 per cent after a slump in demand caused by coronavirus lockdowns. ...
Canada's Natural Resources Minister Seamus O'Regan says Canada welcomes the new OPEC+ oil production cut deal and hopes that it will stabilize the markets. ...
US President Donald Trump on Sunday (local time) hailed the 'big oil deal' with OPEC plus saying it will save 'hundreds of thousands of energy jobs' in the country. ...
G20 Energy Ministers have failed to finalize a pact on oil production cut after the OPEC+ countries decided to reduce fuel production by 23 per cent. ...
G20 Energy Ministers have failed to finalize a pact on oil production cut after the OPEC+ countries decided to reduce fuel production by 23 per cent. ...
