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ALGIERS-The Organization of the Petroleum Exporting Countries (OPEC) and its partners "will remain vigilant in promoting sustainable stability" in the oil market, announced Thursday the Organization on its website.

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ALGIERS – Reaching consensus around the need for maintaining output cut, the 176th Conference of OPEC, held Monday in Vienna has been qualified as "great success" by all the participants, notably Energy Minister and Vice-president of the Organization Mohamed Arkab. 

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ALGIERS- Minister of Energy Mohamed Arkab held Sunday, in Vienna (Austria), talks with Saudi Minister of Energy, Industry and Mineral Resources Khalid Al Falih and Venezuelan Minister of Petroleum Manuel Salvador Quevedo Fernandez, said Energy Ministry in a communiqué.

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ALGIERS- Maintaining the oil output cut deal, agreed by the OPEC since 2016 to stabilize the market remains insufficient for a significant recovery in oil prices, experts said Sunday in statement to APS.

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ALGIERS- Algeria is working to ensure "continuity" of the oil markets equilibrium, as part of the efforts undertaken since 2016 by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries, Energy Minister Mohamed Arkab said Saturday in Algiers.

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TAHERAN- OPEC is determined to avoid a "global energy crisis," said Thursday the Cartel's Secretary General Mohammed Barkindo. 

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ALGIERS- The OPEC has lowered its forecast for crude oil demand this year due to the sharp increase in production from competition, which justified the extension of the production framework agreement beyond June next year, in force since early 2019, the Organization said in its March report

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ALGIERS-The Organization of Petroleum Exporting Countries (OPEC) could resort to a new production cut at the upcoming ministerial meeting scheduled for next April in Vienna to support prices, Energy Minister Mustapha Guitouni said Tuesday.

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Crude oil: Price of OPEC's basket at $59.71

Wednesday, 30 January 2019 18:12

 ALGIERS- The price of OPEC basket composed of fourteen crudes rose to $59.71 a barrel on 29 January compared with $59.57 on the previous day, said Wednesday the Organization of the Petroleum Exporting Countries (OPEC) on its web site.

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ALGIERS- Minister of Energy Mustapha Guitouni held Wednesday, in Vienna, talks with Emirati Minister of Energy and President of the OPEC (Organization of Petroleum Exporting Countries) Conference Suhail Al Mazrouei, as well as with his Venezuelan counterpart Manuel Salvador Quevedo Fernandez.

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