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OPEC reaffirms commitment to achieving balance in oil market

OPEC reaffirms commitment to achieving balance in oil market

OPEC remains fully committed to achieving balance in the oil market through the OPEC+ deal, according to the statement posted on the organization's website. "OPEC remains fully committed to achieving and sustaining balance …

OPEC receives Qatar's withdrawal letter

OPEC receives Qatar's withdrawal letter

OPEC Secretary General Mohammad Sanusi Barkindo received a letter from Qatar giving notice of its intention to withdraw from its membership of OPEC, pursuant to Article 8 of the OPEC Statute, with effect from 1 January 2019. …

How does oil market respond to Qatar's withdrawal from OPEC?

How does oil market respond to Qatar's withdrawal from OPEC?

Oil prices spiked higher this morning after the U.S. and China agreed to a 90-day truce in their trade war over the week-end at the G20 summit in Argentina. Traders are also reacting to expectations that OPEC and its allies will agree to …

 Will Qatar trigger OPEC collapse?

Will Qatar trigger OPEC collapse?

Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) early next year, Qatar's energy minister Saad al-Kaabi said. Speaking at a news conference, al-Kaabi said the country would …

Turkey and Qatar agree to develop financial cooperation

Turkey and Qatar agree to develop financial cooperation

The central banks of Turkey and Qatar signed a currency swap agreement in the Qatari capital Doha. According to sources from Turkish central bank, the first step has been taken after Qatar pledged $15 billion of investment package in …

Russian and Qatari foreign ministers hold talks

Russian and Qatari foreign ministers hold talks

Russian Foreign Minister Sergey Lavrov and his Qatari counterpart Mohammed bin Abdulrahman Al Thani exchanged congratulatory telegrams on Wednesday on occasion of the 30th anniversary of establishing diplomatic …