Nigeria calls OPEC Nations for emergency meeting in March
The 13 members of the Organization of Petroleum Exporting Countries “may hold an emergency meeting in the first quarter if prices remain at current levels,” […]
OPEC
Angola & China state-run oil companies agree 10-year oil deal
China’s state-owned oil company, Sinochem Group said on Wednesday it had signed a deal with Angolan state-owned producer Sonangol to buy crude oil for more […]
Kuwait: Oil prices to rise as high-cost producers bow out
Kuwait’s oil Minister Ali al-Omair believes that oil prices will rise by next year because high-cost oil producers have started to cut their production. He […]
Algeria scales up oil output by 32,000 bpd, officials
The Algerian ministry of energy announced Sunday its crude oil production has increased by 32,000 bpd after the start of two other oil fields. Algeria, […]
Algeria: Energy Minister Yousfi laments about oil prices
Energy Minister Youcef Yousfi has called on the Organization of the Petroleum Exporting Countries (OPEC) to defend the interest of its members rather than letting […]
The oil price will fall to $ 50 a barrel according to Bank of America
The Organization of Petroleum Exporting Countries (OPEC), has no reason to exist and the price of a barrel of oil will go down to 50 […]
Libya: Tripoli takes over largest oilfield, appoints oil minister
The Libyan government based in Tripoli has shifted its attention to El Sharara, the country’s biggest oilfield, and also appointed an oil minister. This is […]
OPEC countries urge for stakeholders cooperation
The ongoing conference of the Organization of Petroleum Exporting Countries (OPEC) in Vienna is being headed by the Acting Libyan Oil Minster, Omar Ali El […]
OPEC shares expectations on MENA countries in 2014
The Organization of Petroleum Exporting Countries (OPEC), which pumps more than a third of the world’s oil, suffered a cutback of oil production over the […]
Libya:Islamic law for banks and economic system in 2015
Islamic law will soon become the law regulating the banking and economic system in Libya. Government officials hinted about the possible change after a sudden […]