International

03
December
OPEC, partners renew production cut agreement until late 2018
OPEC, partners renew production cut agreement until late 2018

 Twenty-four countries decided to maintain production cut of about 1.8 million barrels per day (bpd) until December 31, 2018, said Khalid Al-Falih, Saudi Arabian Minister of Energy, Industry and...

26
November
Iran, Algeria to enhance cooperation on water resources
Iran, Algeria to enhance cooperation on water resources

Iranian envoy to Algeria Reza Ameri held a meeting with Minister of Water Resources Hussein Naseeb, in which they discussed ways to further boost cooperation in the field of water resources.During the...

15
October
Finance Minister Raouia takes part in Washington at G24 meeting
Finance Minister Raouia takes part in Washington at G24 meeting

Finance Minister Abderrahmane Raouia attended the Group of 24 (G24) meeting on Growth and the Impact of Development on the World Economy.The meeting was attended by Christine Lagarde, Managing Directo...

10
October
International : OPEC oil price decreases
International : OPEC oil price decreases

OPEC oil basket’s price reached $54.47 per barrel on Oct. 6, which is by $0.15 less than on Ocober 5, the cartel told Trend on October 9th.The price for December futures of the North Sea Brent oi...

10
October
Richard Thaler awarded 2017 Nobel prize in economics
Richard Thaler awarded 2017 Nobel prize in economics

Richard Thaler has been awarded the Nobel prize in economics for his work on how psychology influences decision making.His research, the committee said , had taken the field of behavioral economics fr...

09
October
OPEC takes additional measures to rebalance oil market
OPEC takes additional measures to rebalance oil market

OPEC and major producing countries can take “some additional measures” next year to rebalance the oil market, OPEC Secretary General “Mohammad Sanusi Barkindo” said on Sunday.The pact between OPEC, Ru...