OPEC at 60 — an oil cartel on life support
14 September 2020 | 9:00 am
The 13-member bloc of oil-rich nations is turning 60 amid a pandemic that's jeopardizing its very existence. Waning influence and a global shift to cleaner energy sources mean that OPEC's glory days are over.
15 Jun 2018
Bassel Khatoun, emerging markets equity managing director at Franklin Templeton, discusses investing in Saudi Arabia, his outlook for OPEC production, and the impact of reforms in Egypt.
18 Jun 2018
Saudi Arabian Energy Minister Khalid Al-Falih may face his toughest test this week when the Organization of Petroleum Exporting Countries holds what’s likely to be its most difficult meeting in years.
18 Jun 2018
OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks.
23 Jun 2018
OPEC and its allies reach a deal to raise oil production starting next month. Bloomberg TV spoke to OPEC ministers including the Saudi Oil Minister Al-Falih on the sidelines of the OPEC seminar in Vienna.
24 Jun 2018
Oil Ministers from Iran, Russia and the UAE gathered in Vienna for the OPEC+ meeting react to U.S. President Donald Trump’s tweet on Friday. Trump said on Twitter: “Hope OPEC will increase output substantially. Need to keep prices down!”
25 Jun 2018
Russian Energy Minister Alexander Novak told Bloomberg Television on Saturday that OPEC+ production hike will be close to one million barrels per day, echoing the Saudi view.
2 Jul 2018
President Trump has accused OPEC of manipulating prices. His comments came after he caused confusion over whether or not Saudi Arabia is going to increase crude output by the maximum amount possible.
30 Oct 2018
Nigerian Minister of State for Petroleum Emmanuel Ibe Kachikwu discusses global oil market demand, Nigerian corruption, and the impact of shale oil on OPEC production.
8 Nov 2018
The stormy oil market could have OPEC about to perform another production U-turn. The cartel has signaled it will consider a return to cutting output in 2019. With prices falling in the face of a shale surge, OPEC will discuss a change of course in Abu Dhabi this weekend.
3 Dec 2018
The Gulf nation of Qatar's new energy minister said that his country will leave OPEC effective January of 2019. He said that he had informed OPEC of his decision ahead of his announcement.
8 Dec 2018
Donald Trump wants Riyadh to keep pumping oil to keep global prices low, a tactic that pleases his blue-collar base at home. But the Saudis may balk at opposing other OPEC members ahead of a key meeting of the cartel.
6 Dec 2018
President Donald Trump's call for OPEC to keep oil flows unrestricted drew criticism from Saudi Arabia. The oil cartel convened in Vienna to discuss cutting output, in a bid to bring prices back from a two month slump.
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Find these stories and much more when you grab a copy of The Guardian on Wednesday.
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FRANCE 24 sat down with Mykhailo Fedorov, Ukraine's deputy prime minister and minister of digital transformation. The ministry was created in 2019 because President Volodymyr Zelensky had promised that Ukraine would be a pioneering e-government. Since the Russian invasion, digital transformation has been put on a "war footing", Fedorov said. He told FRANCE 24's Gulliver Cragg about several projects: a chatbot that allows people to send information about the movements of the Russian army, a joint project on drones with the Ukrainian military, as well as the use of artificial intelligence for facial recognition. The latter includes identifying slain Russian soldiers and informing their families via social media.
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