MercoPress, en Español

Montevideo, May 24th 2022 - 00:25 UTC

Tag: OPEC 2016

  • Monday, May 23rd 2016 - 11:28 UTC

    What does the next OPEC meeting have in store?

    The new Saudi oil minister, Khalid al-Falih, will attend his OPEC meeting, but experts doubt he will have the same clout as outgoing  Ali bin Ibrahim Al-Naimi.

    The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.

  • Monday, April 18th 2016 - 08:40 UTC

    Leading oil exporters can't agree to cap production; Iran did not attend

    Qatar'a Sada said the general conclusion was more time was needed “to consult among ourselves in Opec and non-Opec producers”

    The meeting of the world's leading oil exporters to discuss capping production has ended without agreement. After hours of talks in Qatar, the country's energy minister Mohammed bin Saleh al-Sada said that the oil producers needed “more time”.