Tag Archive

OPEC and non-OPEC participants renew commitment to market stabilization

OPEC and non-OPEC participants renew commitment to market stabilization

March 19, 2019 No Comments

The Joint Ministerial Monitoring Committee (JMMC) convened in Baku, the Republic of Azerbaijan, for its thirteenth meeting on 18 March 2019. The Committee reviewed the monthly report prepared by its Joint Technical Committee (JTC) and recent developments in the global oil market, as well as immediate prospects for the remainder of 2019. The JMMC reiterated […]

IMF Concludes 2018 Article IV Consultation with Brunei Darussalam

IMF Concludes 2018 Article IV Consultation with Brunei Darussalam

October 11, 2018 No Comments

On September 17, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Brunei Darussalam. Brunei Darussalam’s economy has been adjusting well to lower oil prices since 2014, with the authorities undertaking wide-ranging reforms. The decline in oil and gas (O&G) prices led to large budget deficits and narrower […]

OPEC News

OPEC News

May 29, 2017 No Comments

The price of OPEC basket of thirteen crudes stood at $49.48 a barrel on Friday, 26 May 2017, compared with $51.24 the previous day, according to OPEC Secretariat calculations. ——————————————————————- OPEC Member Countries and non-OPEC parties, Azerbaijan, Kingdom of Bahrain, Brunei Darussalam, Kazakhstan, Malaysia, Mexico, Sultanate of Oman, the Russian Federation, Republic of Sudan, and […]

OPEC and non-OPEC Ministerial Meeting

OPEC and non-OPEC Ministerial Meeting

December 12, 2016 No Comments

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. The Meeting was jointly chaired […]