OPEC

Angola leaves OPEC

Published on: December 21, 2023
11:07

Luanda, Dec 21 (Prensa Latina) Angolan Minister of Mineral Resources, Oil and Gas Diamantino Azevedo announced his country's withdrawal from the Organization of Petroleum Exporting Countries (OPEC) on Thursday.

Russia and Saudi Arabia to continue cooperation in OPEC

Published on: December 7, 2023
09:06

Moscow, Dec 7 (Prensa Latina) President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed further cooperation within the Organization of the Petroleum Exporting Countries (OPEC), Kremlin Spokesman Dmitry Peskov announced on Thursday.

Lula confirms Brazil’s attendance to the OPEC+ Conference

Published on: December 2, 2023
14:05

Dubai, Dec 2 (Prensa Latina) President Luiz Inacio Lula da Silva confirmed on Saturday Brazil's participation in the OPEC+ alliance of oil producers, at the United Nations Climate Change Conference (COP28) here.

OPEC criticizes oil demand estimates

Published on: September 15, 2023
00:30

Vienna, Sep 15 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) criticized the estimates from the International Energy Agency (IEA) regarding the demand for crude oil until 2030.

OPEC praises Egypt’s rising achievements in energy markets

Published on: February 12, 2023
07:13

Cairo, Feb 12 (Prensa Latina) Haitham Al Ghais, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), on Sunday praised Egypt´s growing achievements in the world energy market.

Venezuela blames the West for increasing global energy crisis

Published on: September 5, 2022
15:55

Caracas, Sep 5 (Prensa Latina) The Venezuelan Oil Minister Tareck el Aissami on Monday blamed the West for worsening the global energy crisis.

WTI oil drops below 90 dollars per barrel

Published on: August 31, 2022
17:25

New York, Aug 31 (Prensa Latina) American benchmark West Texas Intermediate (WTI) crude on Wednesday traded at .55 per barrel, for a .09 or 2.3% gain, according to oil traders.

U.S. is depleting its SPR faster than it looks, says specialist

Published on: June 20, 2022
19:29

Washington, Jun 20 (Prensa Latina) The United States sells a larger chunk of its Strategic Petroleum Reserves (SPR) than the oil production of medium-sized nations members of the Organization of Petroleum Exporting Countries (OPEC) including Angola and Algeria.

OPEC warns of consequences of sanctions against Russia

Published on: April 12, 2022
10:40

Vienna, Apr 12 (Prensa Latina) The secretary general of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, warned that the sanctions against Russia could unleash one of the worst oil supply crises in history.

OPEC expects crude surplus in December

Published on: November 17, 2021
00:15

Abu Dhabi, Nov 17 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) said that there might be a crude surplus in December, and urged to be cautious due to a possible slowdown in demand.

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