Kazakhstan, Algeria, Saudi Arabia, Iraq, and Kuwait are all major oil producers and members of the OPEC+ group.

The entities involved

• Kazakhstan →

  sovereign state in Eastern Europe and Central Asia

  • QazaqGaz is managing centralized gas infrastructure and exploring opportunities for technology cooperation and market access.Mon 16:00
  • Pilot projects were launched in Kyzylorda and Pavlodar regions, while experienced teachers delivered lessons from Astana.Mon 15:43
• Algeria →

  country in North Africa

  • A crash has occurred involving both Algeria and the company Swiftair, with the incident potentially involving international jurisdictions.Mon 16:47
  • Diplomatic talks regarding Western Sahara involving Algeria and Emmanuel Macron are underway, seeking de-escalation and policy shifts.Sun 20:24
• Saudi Arabia →

  country in West Asia

  • Escalating conflict involves Iran and Saudi Arabia, with fighting intensifying between Saudi-backed forces and Houthis. Karami warns of a firm response to miscalculation.Mon 17:52
  • Ishaq Dar attended an R-4 meeting in Cairo today, contributing to ongoing diplomatic efforts.Mon 17:12
• Iraq →

  sovereign state in Western Asia

  • Basra hosts the Grand Faw Port project, serving as a key transit hub for trade routes connecting China and Europe.Mon 17:06
  • Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.Mon 16:22

Related events

• Geopolitical tensions, U.S. sanctions, and structural changes within OPEC are impacting oil supply and market dynamics in the Middle East.Jun 10
• Geopolitical tensions escalate in the Middle East, marked by a partitioned zone between Kuwait and Saudi Arabia and the impact of the Iran war on oil stocks.Sep 11
• Saudi Arabia, UAE, and Kuwait increased crude oil loading while Kazakhstan hit production highs, amid Brent price reactions to the Iranian conflict.Jun 8
• OPEC+ limits constrain oil production capacity, impacting the oil market and its producers, including Iraq.Jul 22
• The formation of OPEC is detailed, noting that Venezuela, Iraq, and Kuwait co-founded the organization, with Juan Pablo Pérez driving the idea. Venezuela is currently examining plans to leave OPEC.Aug 28