Oil producing countries reach the final sprint in search of a production deal to bring crude oil prices back up. ABO will follow the development of the summit live with social media content, image galleries, infographics and articles
The OPEC deal and the first effects on oil prices
Following the Vienna agreement on production cuts, many uncertainties remain and the ball is on the on the court of the non-OPEC countries
OPEC, deal on output cuts is reached and oil prices soar
OPEC members agree to cut production by 1.2 million bpd in a historic decision for the future of oil prices
As OPEC meeting begins in Vienna, Conference president stresses necessity of ensuring market stabili
Mohammed Bin Saleh al-Sada discusses outlooks to 2040, including growing oil demand. But the time to act is now, by reducing inventories to bring up the price of oil
The difficult path towards agreement on the output cut
Saudi Arabia and Russia have deserted the meeting of non-organization producer countries. The agreement on limiting output should be reached on 30 November, but things seem evermore in the balance
OPEC: rapprochement between Riyadh and Tehran
After 8 years of negotiations, for the first time Saudi Arabia and Iran have reached an agreement in Algiers on the cut in production. It is important to understand what effect this will have on oil prices and on Iran's aspirations
Between the rise of the barrel, mainly dictated by the decision that OPEC will take on 30 November and by the decline in US oil reserves, and declining, due to the fact that several OPEC countries do not want to reduce the production of crude
Growing uncertainty surrounding the OPEC deal as Iran continues producing oil
According to Central Bank of Russia chairperson Elvira Nabiullina, the most likely scenario is oil hovering around 40 dollars per barrel for the next three years
Saudi Arabia and Russia together to agree on oil production cut
The uncertainty on the outcome of the upcoming OPEC meeting in Vienna continues, while Riad tells the future US president that it would not be "healthy" to block the trade of crude oil
Opec courts undecided nations as Saudi Arabia tries to go its own way
Nothing substantial comes out of Vienna talks yesterday; everything has been postponed until the official summit, which promises to be dramatic
Iraq's Oil Minister Jabar Ali al-Luaibi talks to journalists during a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria
OPEC country representatives gather in the Vienna headquarters for the beginning of the summit.
Saudi Arabia's Energy Minister Khalid al-Falih arrives at the OPEC headquarters in Vienna for the start of the summit
Iran's Oil Minister Bijan Zanganeh talks to journalists during at the OPEC meeting in Vienna, Austria. Iran's participation would be key in a potential deal on oil output cuts
Vienna, the OPEC headquarters is where oil-producing countries meet to discuss strategies for the oil market.
The OPEC logo, in these past few months has characterized the summits like the one in Doha or Algiers and, now, the Vienna meeting.
A worker at an oil plant in Bassora, Iraq.
An oil plant in the Kyzylorda region of South Kazakhstan, one of the world's largest oil producers.
The Jose Oil Plant, in Venezuela, one of the country's largest.