OPEC Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Qatar to leave OPEC from January 2019

Qatar has announced its withdrawal from Organization of Petroleum Exporting Countries (OPEC) from January 2019 and focus more on the production of natural gas. It makes Qatar first Gulf country to leave OPEC bloc of oil-producing countries led by Saudi Arabia. Qatar has been member of OPEC since 1961 and its decision to pull out Read More…

Month:  Categories: International

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India to work with China on OPEC’s Asian Premium issue

India is coordinating with China and other Asian countries to raise voice against Asian premium charged by Organisation of the Petroleum Exporting Countries (OPEC). Indian Oil Corporation Chairman Sanjiv Singh will coordinate with head of China National Petroleum Corporation (CNPC) to chalk out strategy that will result in getting better price from OPEC countries. Asian Read More…

Month:  Categories: International

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OPEC agrees on modest oil production curbs

The Organisation of Petroleum Exporting Countries (OPEC) reached an agreement to cut oil production for the first time since 2008 after an informal meeting in Algiers, Algeria. It was decided that OPEC would reduce output to a range of 32.5 to 33.0 million barrels per day (bpd) from its current output at 33.24 million bpd. Read More…

Month:  Categories: International

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