Libya not Concerned by OPEC Output Cut Agreement

A day after the Organization of Petroleum Exporting Countries (OPEC) reached a deal Wednesday to reduce output by almost 700,000bpd collectively, Libya has stated that it will be an exception to the deal that could be finalized in November during Read more

OPEC Sect. Gen. to Visit Countries Reluctant to Attend Energy Forum

The newly appointed Secretary General of the Oil Producing and Exporting Countries, Mohammad Sanusi Barkindo, will be visiting Oman and Iran before the International Energy Forum (IEF) scheduled to take place in Algeria from September 26 to 28. A source Read more

Algeria: Time has Come for Output Freeze, Former OPEC Chief

As speculations increase that oil producers could reach an agreement on freezing their output levels at next month’s International Economic Forum (IEF) in Algiers, former OPEC chief and Algerian energy minister Chakib Khelil said “all the conditions are set for Read more

KSA: Moscow, Riyadh Cooperating to Stabilize Oil Market

Major oil producers could be on the verge of reaching an agreement to stabilize the oil market and boost prices. Russian energy minister Alexander Novak said there are consultations between Riyadh and Moscow and they are “ready to achieve the Read more