Non-OPEC
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OPEC, Non-OPEC Agree on Deeper Oil Output Cut
EghtesadOnline: OPEC and its allies (OPEC+ including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional…
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Brent, WTI Prices Surge as OPEC Extends Cuts
EghtesadOnline: The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization.
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OPEC, Non-OPEC Nations to Meet on Compliance With Oil Targets
EghtesadOnline: Representatives of some OPEC and non-OPEC nations will meet in Abu Dhabi as soon as next week to discuss why some of them are falling behind in their pledges to cut production,…
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OPEC, non-OPEC to look at extending oil-output cut by six months
EghtesadOnline: A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a…
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OPEC, non-OPEC producers end JMMC meeting
EghtesadOnline: The First Meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) concluded in Vienna after it issued a statement on Sunday.
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Non-OPEC Delivers More Than a Quarter of Promised Cuts so Far
EghtesadOnline: Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than…
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Oil prices on track for greatest yearly percentage gain since 2009
EghtesadOnline: Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production.
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Oil surges after output cuts, strong dollar weighs
EghtesadOnline: Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar…
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OPEC, non-OPEC agree first global oil pact since 2001
EghtesadOnline: OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretc…
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Saudis Signal Deeper Cuts After Deal With Non-OPEC Countries
EghtesadOnline: Saudi Arabia signaled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several non-other OPEC countries pledged to curb…
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OPEC Meets With Non-OPEC Counterparts for Oil Cuts Deal
EghtesadOnline: The Organization of Petroleum Exporting Countries is meeting with countries outside the group in Vienna on Saturday to agree on a pact to curb oil supply and drain record global…
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Former OPEC official El-Badri says non-OPEC cut a 'must': conference
EghtesadOnline: Abdalla Salem El-Badri, who stepped aside as OPEC Secretary General in August, said Thursday at a conference a crude oil production cut of about 600,000 barrels per day from non-OPEC…
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Eni CEO Urges Non-OPEC to Cut Output, Sees Profit at $50 Oil
EghtesadOnline: Eni SpA’s chief executive officer called for oil producers outside OPEC to join the group in cutting production to stabilize the market and said his company could still make money…