OPEC demonstrates it has no power
A regular meeting among the OPEC countries has recently took place in Vienna. The main point of the agenda was the discussion of the new possible oil level of 32 …
Abdallah Salem el-Badri
OPEC Secretary General: bad period has been put behind
The slump in oil prices, which had been driven by a glut in global supplies, has mostly passed, OPEC Secretary General Abdallah Salem el-Badri said. "The oil market is rallying, the price is increasing, I think …
OPEC may choose new Secretary-General on June 2
The Organization of the Petroleum Exporting Countries is likely to choose a new secretary-general at its meeting on June 2, the Wall Street Journal reports with reference to a national delegates of the group. OPEC current …
OPEC Secretary General to attend Oil and Gas Forum in Moscow
OPEC’s secretary general Abdallah Salem el-Badri, Saudi Arabian Oil Minister Ali al-Naimi, the Minister of Petroleum of Venezuela, Eulogio Del Pino, may take part in the National Oil and …
Qatar invites OPEC members and other producers to oil meeting
Qatar has invited all OPEC members and major producers from outside the exporting group to attend talks in Doha on April 17. The Qatari Ministry of Energy notes that the purpose of the meeting is to freeze output at January levels …
OPEC invites US to join negotiations
OPEC is discussing freezing of oil production with all the countries engaged in the extraction of 'the black gold', except for the United States. "We are in talks with everyone, except the United States," Secretary …
Will US become oil exporter?
Congressional leaders agreed on a fiscal plan that would avert a ban on crude oil exports from the US. The move "puts the United States in the driver’s seat of energy policy worldwide," Bloomberg cited the Republican …
Head of OPEC denies oil trade with Daish
The OPEC is working only with legitimate participants in the oil market and does not support any relations with the terrorist organization Daish, the secretary general of the cartel Abdallah Salem el-Badri said. …
El-Badri plans to meet with Novak next summer
OPEC Secretary General, Abdallah Salem el-Badri, said before the ministerial meeting in Vienna, that he expects to meet with the Russian Energy Minister Alexander Novak in the summer 2016. "We have …
El-Badri: rise of oil prices to reduce investment in industry
The rise of oil prices may cause only a reduction in investments by about $130 billion, OPEC Secretary General, Abdallah Salem el-Badri, said. Also, he says that non-OPEC producers "have to reduce the supply …
El-Badri: oil industry’s best days are yet to come
Global demand for oil will increase and the supply of raw materials from non-OPEC producers will be reduced, the Secretary General of OPEC, Abdallah Salem el-Badri, said at a conference in Kuwait City. He noted that the oil …
Russia to agree with OPEC on oil
Russia is ready to participate in consultations with member states of the Organization of Petroleum Exporting Countries (OPEC) on the situation on the world oil market. This was announced today on the sidelines of the International Investment …
El-Badri: we expect stabilization of oil prices
OPEC is expecting the stabilization of the oil market in the long term, oil prices will stabilize in 2016, Secretary General of OPEC, Abdallah Salem el-Badri, said during the meeting of the OPEC-Russia Energy Dialogue in Moscow.
