Latest OPEC Meetings News

White House: Falling gas prices mean more than OPEC numbers

Aug. 03, 2022 17:36 PM EDT

WASHINGTON (AP) — President Joe Biden traveled to Saudi Arabia last month on the possibility that he could get some additional oil production out of OPEC+ in coming weeks, but the cartel and other nations announced a scant increase Wednesday. The White House responded by stressing...

US sanctions UAE, Hong Kong firms that ship Iranian oil

Aug. 01, 2022 13:47 PM EDT

WASHINGTON (AP) — The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The Treasury Department's Office of Foreign Assets Control on Monday...

Kuwait oil veteran takes over as secretary general of OPEC

Aug. 01, 2022 09:54 AM EDT

DUBAI, United Arab Emirates (AP) — A veteran of Kuwait's national oil company took over Monday as secretary general of the OPEC oil cartel, just three weeks after his Nigerian predecessor died, only hours after giving a speech in defense of the energy industry. Haitham al-Ghais was...

OPEC secretary-general dies, just weeks shy of departure

Jul. 06, 2022 06:36 AM EDT

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he'd met with Nigeria's president and spoken in defense of the energy industry amid increasing...