OPEC Reaffirms Commitment to Production Cut
Wednesday, 8th March 2017
According to Saudi Energy Minister, Khalid al-Falih, oil market fundamentals were already improving after the agreement, and oil prices are up more than 10% since the output curb deal was struck in November 2016, stabilized above $50.
Non-OPEC Oil Supply Estimated to Decline in 2017
Monday, 8th February 2016
Oil supply from non-OPEC countries is forecast to decline to 56.4mb/d in 2017 due the global oil prices drop and in result of which, OPEC will have to boost its production by 2020, a Bank of America's (BoA) recently published report stated.
Qatar Energy Minister Predicts OPEC Oil Price Rebound
Tuesday, 13th October 2015
US News & World Report cited Qatar's Energy and Industry, Minister Mohammed bin Saleh al-Sada as saying that oil prices have bottomed out ahead of an expected meeting of OPEC members and other oil producers later this month in Vienna.
Algeria Trying to Move OPEC and Other Oil Producers to Control Prices
Monday, 24th August 2015
Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization's strategy.