Middle East

OPEC chief visits Iran as US sanctions waivers expire

The visit is another sign of support for Iran in the face of US sanctions, but for ordinary Iranians, it may not be enough.

Counting the Cost

Qatar's break-up with OPEC

Qatar becomes the first country in the Middle East to quit the oil cartel as a new dynamic takes shape in the oil game.

Opinion

Why Qatar left OPEC

Qatar chose to leave OPEC at a time when the future of the cartel is under question.

Steven Wright

by Steven Wright

Steven Wright

AJ IMPACT

OPEC members expected to agree to oil production cut

Despite calls from US President Donald Trump to keep oil flowing, major producers are expected to agree to cut output.

OPEC members expected to agree to oil production cut

AJ IMPACT

Qatar quits OPEC as Saudis walk tightrope on oil prices

Doha's announced withdrawal from OPEC comes at a critical juncture for the cartel and its de facto leader.

Qatar quits OPEC as Saudis walk tightrope on oil prices

Inside Story

Why is Qatar leaving OPEC?

Qatar is set to quit the 15-nation bloc after more than 50 years, saying it will instead focus on natural gas.

AJ IMPACT

Qatar to leave OPEC to focus on natural gas production

Gulf nation's energy minister says withdrawal from 15-nation bloc will come into effect next month.

AJ IMPACT

What is OPEC?

Qatar pulls out of the Organization of the Petroleum Exporting Countries, which controls global oil output.

What is OPEC?

AJ IMPACT

Oil prices hit year low as OPEC considers output cut

Benchmark Brent crude oil fell to a low of $60.29, its lowest since November 2017.

Oil prices hit year low as OPEC considers output cut

AJ IMPACT

Riyadh coy as Trump says Saudi king agrees to raise oil output

Saudi state media confirms phone call between two leaders but makes no mention of figure tweeted by US president.

Riyadh coy as Trump says Saudi king agrees to raise oil output

Inside Story

Will OPEC's deal to cut production work?

OPEC member nations agreed to cut oil output at a meeting in Vienna, which could mean lower supplies and higher prices.

AJ IMPACT

Oil prices surge as OPEC reaches production deal

Oil price jumps to $50 as OPEC members agree to cut production by 1.2 million barrels per day from January 2017.

AJ IMPACT

OPEC seeks to nail down oil output cut in Vienna

OPEC members are meeting in Vienna in an attempt to stabilise the global market by cutting oil output.

Middle East

Saudi Arabia to pump more oil to meet domestic demand

Output may rise to about 10.5 million barrels per day from average 10.15 but sources say Kingdom will not flood market.

Saudi Arabia to pump more oil to meet domestic demand

AJ IMPACT

No oil deal after hours of talks

World's big oil producers fail to agree on output cap to stabilise prices after months of uncertainty.

OPEC meeting ends without deal on oil production freeze