04 June 2017
OPEC, along with a number of other non-OPEC major producers, recently extended their 1.8m barrels per day (b/d) output cut agreement from end-June 2017 until March 2018. We examine the reasons and...
26 May 2017
Opec decided yesterday to extend cuts in oil output by nine months to March 2018 as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past...
26 February 2017
Oil markets have been in waiting mode during the early part of this year to see how effective OPEC’s November agreement to cut production in 2017 would actually be. The first round of January data...
10 February 2017
Higher oil prices may boost shale oil production but the global oil market can accommodate this as demand remains healthy, Qatar’s energy minister said on Wednesday. “The market is gradually...
28 January 2017
Qatar’s investments in Russia will further strengthen ties between the Organization of the Petroleum Exporting Countries and non-member oil producers, OPEC Secretary-General Mohammed Barkindo told...
31 December 2016
Qatar’s oil output is slated to be lower by more than 11% year-on-year in 2017, in line with the decision of the Organisation of the Petroleum Exporting Countries (Opec) to cut production, according...
03 December 2016
On 30 November, OPEC agreed to cut output by 1.2m barrels per day to 32.5m barrels, effective from 1 January 2017. The agreement is for a period of six months, but could be extended by six months at...
19 November 2016
The informal and consultative meeting of Opec 14 members nations and other 11 countries was held in Doha today amid an atmosphere of optimism to reach an agreement on the stabilization of oil...
01 October 2016
The State of Qatar took part in the OPEC consultative meeting hosted by Algeria under the chairmanship of HE Qatar's Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada, the current...
04 August 2016
Rebounding oil and gas prices signal the time for Qatar’s energy firms to invest in technology innovation to drive USD 540 billion worth of projects, industry experts announced today. Qatar is the...
24 April 2016
Some of the world’s major oil producers met in Doha on April 17 to discuss possible steps to support the oil market. Market participants had expected a deal involving a stabilisation of production at...
23 April 2016
Executive Director of the International Energy Agency Fatih Birol said Thursday he expected the oil market to rebalance from oversupply by 2017, provided there was no economic downturn. He noted that...

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