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Search resuls for: "OPEC Secretariat"


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☆ Oil group OPEC and its allies delay policy-setting meeting by four days
  + stars: | 2023-11-22 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +4 min
Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. It was not immediately clear whether the OPEC+ group would be holding a virtual or in-person meeting on Thursday, or whether ministers would still adjourn at the OPEC secretarial headquarters in Vienna. Earlier in the day, Bloomberg News issued a report saying the meeting of Sunday could be delayed amid Saudi dissatisfaction over the oil production levels of some countries. The upcoming meeting faced a challenging market environment, defined by depressed oil prices, a slower-than-expected Chinese demand recovery and petropolitics amid conflict in the Middle East. High interest rates and banking turmoil largely slumped oil prices in the first half of the year, before a sharp boost from several voluntary supply declines announced independently of OPEC+ strategy.
Persons: Jonathan Raa, Ice Brent, —, Abdulaziz bin Salman Organizations: Getty, of, Petroleum, Ice, OPEC Secretariat, Conference of, United, United Arab Emirates —, Bloomberg News Locations: Brussels, Belgium, OPEC, Vienna, Dubai, United Arab, Saudi, Saudi Arabia, Russia, China, Israel, Iran, Venezuela
☆ OPEC denies media access to Reuters, Bloomberg, WSJ for weekend policy meets
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Leonhard FoegerVIENNA, June 2 (Reuters) - OPEC has denied media access to reporters from Reuters, Bloomberg and the Wall Street Journal to report on oil policy meetings in Vienna this weekend, reporters, Bloomberg and people familiar with the matter said on Friday. OPEC staff declined on Friday to give media accreditation to Reuters journalists to cover the event. The staff handling media accreditation at one of Vienna's luxury hotels said they could not issue accreditation without an invite. A Bloomberg spokesperson confirmed on Friday the company has not been given accreditation to cover the OPEC meeting. Reporters from the three outlets, many of whom have been covering OPEC meetings for years, did not receive invitations from OPEC ahead of the meeting.
Persons: Leonhard Foeger VIENNA, Platts, Alex Lawler, Dmitry Zhdannikov, Ahmad Ghaddar, Julia Payne, Maha El, Simon Webb, Marguerita Choy Organizations: Organization of, Petroleum, REUTERS, OPEC, Reuters, Bloomberg, Wall Street Journal, of, Thomson Reuters Corp, Thomson, Street, Argus Locations: Vienna, Austria, OPEC, Saudi Arabia, Russia
☆ OPEC excludes some WSJ, Reuters and Bloomberg reporters from meeting
  + stars: | 2023-06-01 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +3 min
OPEC reporters from three large news organizations have not been invited to the oil producing alliance's meetings this weekend, sources told CNBC. The OPEC Secretariat, which oversees media accreditation, on Tuesday issued invitations to some journalists to cover the June 3-4 meetings on-site. Two Wall Street Journal reporters who do not regularly cover OPEC received invitations. Spokespeople for the OPEC Secretariat and Wall Street Journal did not immediately respond to a request for comment. OPEC+ ministerial meetings often see news agencies such as Reuters, Bloomberg and the Wall Street Journal compete to break the results of the meetings before they have been concluded.
Persons: —, Russia —, Prince Abdulaziz bin Salman, Alexander Novak Organizations: CNBC, OPEC Secretariat, Reuters, Bloomberg, Wall Street, Street, CNBC —, Financial Times, OPEC, Wall Locations: OPEC, Russia, China, Saudi Arabia, Saudi
☆ OPEC has not invited Reuters, Bloomberg to report on weekend policy meets
  + stars: | 2023-05-31 | by ( ) edition.cnn.com   time to read: +2 min
OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source on Wednesday. The Reuters text journalists that cover meetings and are registered with OPEC as members of the press have not received an invite to cover the event. OPEC has also not offered accreditation to Bloomberg to cover the meeting, a Bloomberg News spokesperson said on Wednesday. Two reporters from the Wall Street Journal who regularly cover OPEC have also not received invites, people familiar with the matter said. Reporters at some other media outlets including CNBC, and pricing agencies Argus and Platts said they have received invitations to cover the meetings.
Persons: “, ”, Platts Organizations: Reuters, Bloomberg, Organization of, Petroleum, OPEC, Wall Street Journal, Financial Times, CNBC, Argus, OPEC’s Public Relations Department Locations: Vienna, OPEC, Saudi Arabia, Russia, Platts
☆ OPEC+ just made the Fed's job more complicated. Here's why they did it — and what could be next
  + stars: | 2023-04-03 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +3 min
The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. In October last year, the oil cartel announced its decision to cut output by two million barrels per day. U.S. President Joe Biden's administration has repeatedly lambasted the OPEC+ group for its production cuts, citing the inflationary toll on households and flinging accusations of camaraderie with sanctions-struck Russia. One such technical council, the OPEC+ Joint Ministerial Monitoring Committee concluded on Monday with a statement that acknowledged the voluntary cuts, making no mention of a broader change in formal production policy. Referring to the voluntary cuts, the OPEC Secretariat said they represent "a precautionary measure aimed at supporting the stability of the oil market."
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