Search the Community
Showing results for tags 'oil cartel'.
OPEC Secretary General arrives in Baghdad 2022-06-17 08:31 Shafaq News/ The Secretary-General of the Organization of Petroleum Exporting Countries "OPEC" Muhammad Barkindo arrived today, Friday, in the Iraqi capital, Baghdad. According to a statement issued by the Ministry of Oil, Barkindo's visit comes "to participate in the launch of the OPEC history book in a celebration to be held in the People's Hall in Baghdad next Sunday, with the participation of the Minister of Oil and a number of officials, guests and those interested in the oil and energy sector." It is noteworthy that the book launch ceremony comes within the framework of the celebration of the 60th anniversary of the organization's founding in Baghdad.
America .. Efforts to prepare a bill that would punish OPEC and its members 2022-04-29 09:09 Shafak News / A US Senate committee will consider a bill next week that allows for filing lawsuits against the group of oil producers, which includes "OPEC" and allied countries, for allegedly conspiring to raise oil prices. The bill, sponsored by Republican Senator Chuck Grassley, Democratic Representative Amy Klobuchar and others, comes as the Biden administration struggles to control oil and gasoline prices that have skyrocketed due to Ukraine-related events and impose sanctions on Moscow. The NOPEC bill would allow the US Attorney General to sue oil-producing countries, such as members of the Organization of Petroleum Exporting Countries, under US antitrust laws, according to US media. This is not the first time that Congress has considered a bill targeting OPEC in conjunction with the rise in oil prices, as all these attempts have failed for more than 20 years.
OPEC Secretary-General: We are not a political organization 01:02 Fourth - follow up The Secretary-General of the Organization of the Petroleum Exporting Countries, Muhammad Barkindo, announced that the current situation in the energy market shows that the countries of the world should not make the global energy market hostage to their political differences. "We (OPEC) are not a political organization, and we try as much as possible to stay away from politics. We also continue to work to remove politics from the supply of oil," Berkindo said during the "Serawick" international conference. Earlier on Monday, Russian Deputy Prime Minister Alexander Novak said that oil prices could jump above $300 a barrel if the United States and the European Union banned Russian oil imports. And the Speaker of the US House of Representatives, Nancy Pelosi, announced yesterday that the House is studying the possibility of preparing a bill banning the import of oil and energy resources from Russia, against the backdrop of the crisis in Ukraine.