OPEC cuts 2020 oil demand forecast

OPEC cuts 2020 oil demand forecast

(VOVWORLD) - OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 because of an economic slowdown. OPEC said efforts will be necessary to prevent a new...
OPEC to raise oil output from July

OPEC to raise oil output from July

(VOVWORLD) - The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers have announced that they will raise oil production starting from July to keep the market balance and...
Oil prices at highest levels in 4 years

Oil prices at highest levels in 4 years

(VOVWORLD) - Oil prices rose to 81 USD a barrel at the close of trading Monday, the highest level since 2014, after the Organization of Petroleum Exporting Countries (OPEC) said it...
OPEC to increase oil production

OPEC to increase oil production

(VOVWORLD) -The Organization of Petroleum Exporting Countries (OPEC) has agreed to raise oil production by around one million barrels per day from next month, the oil minister of the body...
Iran to veto OPEC’s proposal on supple boost

Iran to veto OPEC’s proposal on supple boost

(VOVWORLD) - Iran’s representatives to the Organization of Petroleum Exporting Countries (OPEC), Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq will veto Saudi Arabia’s proposal to increase...
OPEC agrees on oil output cut

OPEC agrees on oil output cut

(VOVworld) - The Organization of the Petroleum Exporting Countries (OPEC) has agreed on an oil output cut, because oil prices are at the lowest level in decades
OPEC calls meeting to stabilize oil market

OPEC calls meeting to stabilize oil market

(VOVworld) – The Organization of the Petroleum Exporting Countries (OPEC) said Monday that it will call a meeting of member countries next month in Algeria to stabilize the oil market
   Iran ready to join oil freeze plan

Iran ready to join oil freeze plan

(VOVworld) – Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market
Efforts to raise oil prices deadlocked

Efforts to raise oil prices deadlocked

(VOVworld)- After 6 hours of negotiations in Doha, Qatar, on April 17 the world’s major oil producers failed reach a deal to limit oil production. Despite optimism ahead of the...