Posts Tagged OPEC

DOE asks Congress to amend Oil Deregulation Law

Robie de Guzman   •   October 20, 2021

The Department of Energy (DOE) has called on Congress to amend provisions in the Oil Deregulation Law to allow the government to address oil price hikes amid high global demand...

OPEC and allies agree to extend historic output cut to end of July

UNTV News   •   June 8, 2020

REUTERS – The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as OPEC+, agreed on Saturday (June 6) to extend the historic 9.7 million...

OPEC, non-OPEC partners reach deal for oil production cut amid COVID-19

UNTV News   •   April 10, 2020

An emergency video conference between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC partners, chaired by Saudi Arabia, ended on Thursday with a tentative agreement to cut oil production...

OPEC agrees extending supply cuts until March

Robie de Guzman   •   July 2, 2019

The Organization of the Petroleum Exporting Countries (OPEC) agreed on Monday (July 1) to extend oil supply cuts until March 2020, as the group’s members overcame their differences in order...

OPEC set to extend oil supply cut

Robie de Guzman   •   July 1, 2019

Oil prices were up on Monday (July 1) as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019, a policy aimed...

Oil prices to increase on April 9

Robie de Guzman   •   April 8, 2019

Local pump prices will increase anew this week to reflect the movement of prices in the international market. According to oil industry players, the price of gasoline will increase by...

Venezuela’s Guaido seeks humanitarian aid for OPEC nation

admin   •   February 6, 2019

Venezuela’s opposition leader Juan Guaido and opposition lawmakers on Tuesday (February 05) called for humanitarian aid to be allowed into country, as the OPEC nation grapples with shortages of food...

Qatar quits OPEC after decades-long membership

admin   •   January 2, 2019

    Qatar’s withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) took effect on Tuesday, ending its nearly 60-year membership in the cartel. Qatar’s Minister of State for...

Big time oil price rollback expected this week

admin   •   June 25, 2018

  Oil companies are expected to implement a big time rollback this week due to increased supply of oil from oil exporting countries. Industry players said, prices of gasoline will...

South Korea, titigil na sa pag-angkat ng langis sa Iran simula Hulyo 1

UNTV News   •   June 27, 2012

(KOREA) — Ititigil na ng South Korea ang pag-angkat ng langis mula sa Iran epektibo sa July 1. Ang desisyon ng Seoul ay kasunod ng pagba-ban ng European Union (EU)...

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