OPEC Secretary General Attends Meetings, Workshop at Columbia University

The Organization of the Petroleum Exporting Countries (OPEC) Secretary General, HE Mohammad Sanusi Barkindo, and an accompanying delegation, took part in a series of activities at the Columbia University’s Center on Global Energy Policy (CGEP) in New York on 15 December, the fourth day of his visit to the United …

OPEC and non-OPEC Ministerial Meeting

Following the ‘Vienna Agreement’ decided upon at the 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries on Saturday, 10th December, at the OPEC Secretariat in Vienna. …

OMV Group Report January – September and Q3 2016

“OMV continues to deliver on its strategic targets. We further optimized our portfolio by selling a 49% stake in Gas Connect Austria, the gas transportation business. This will bring us sales proceeds of EUR 601 mn at closing in Q4/16. We also continued to optimize our North Sea portfolio. OMV …

OPEC Secretary General visits IR Iran

OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with IR Iran’s Minister of Petroleum, HE Bijan Namdar Zanganeh, during a closed-door session on November 19 in the capital city of Tehran. According to sources in the Ministry, the two oil chiefs discussed recent oil market developments, and economic and geopolitical …

OPEC’s World Oil Outlook 2016 launched at ADIPEC

The 2016 OPEC World Oil Outlook (WOO) was launched last week at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016 in the United Arab Emirates (UAE). This year is the tenth edition of the WOO, a significant milestone for OPEC’s flagship publication, which offers a thorough review and …

Holding the line

The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last met in Algiers and announced it would examine how to set up a production ceiling of between 32.5 …