US cancels meeting with GCC amid Saudi oil tensions: reports
The move by OPEC+ to decrease oil production was met with outrage in Washington. The US has reportedly cancelled a meeting with Saudi Arabia and the GCC that was scheduled…
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opec
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OPEC decision ‘should not be politicised’: Qatar’s energy minister
Qatar formally withdrew from the oil bloc in 2019. The Organization of the Petroleum Exporting Countries’ (OPEC) decision to reduce oil production is based on “commercial” foundations, Qatar’s minister of…
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OPEC chief Mohammad Barkindo dies at 63
The late energy official has been praised by world and industrial leaders for his important role in the oil organisation. Mohammad Barkindo, secretary general of the Organization of the Petroleum…
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Qatar, Venezuela direct flights to take off from October: President Maduro
Venezuela’s government has also announced direct flights to Iran and Algeria. Direct flights between Caracas and Doha will commence from October this year, Venezuela’s President Nicolas Maduro announced on Thursday.…
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Russian foreign minister to meet with GCC counterparts in Riyadh
OPEC was formed in 1960 as a cartel, with the mission of providing a solution to the worldwide supply of oil and its price levels. Russian Foreign Minister Sergey Lavrov…
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Qatar’s energy minister rules out plans to rejoin OPEC
Energy officials from Qatar and Turkey are currently attending the event in the UAE, in a sign of improving ties with the Emirates. Qatar’s Energy Minister Saad Al-Kaabi said Doha…
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Qatar ‘wise’ to disengage from OPEC to focus on LNG: analyst
Qatar’s stance against rejoining OPEC has raised questions on whether the Gulf state is following a business or a political strategy. Qatar, the world’s biggest exporter of liquefied natural gas…
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Qatar ‘unlikely’ to rejoin OPEC+ despite GCC rapprochement: expert
Experts believe Qatar will not benefit from rejoining OPEC+. Qatar will not rejoin OPEC (Organization of the Petroleum Exporting Countries) as it does not make sense for the country strategically,…
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Qatar energy minister: Opec leaders’ summit being considered
The emergency meeting is being called by Venezuela, which has been calling on Opec to slash production to revive flagging oil prices.
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