Browsing: OPEC

Steven Sahiounie, journalist and political commentator The UAE has taken a significant and unexpected step by announcing its withdrawal from…

Trump Calls for Massive Saudi Investment and Oil Price Reduction In a bold statement at the World Economic Forum in…

The Organization of the Petroleum Exporting Countries (OPEC) predicts that global energy demand will increase by 24% by 2050, driven…

Benchmark Brent has been trading below $70 as OPEC cuts its demand growth forecastOn Tuesday, oil prices dropped sharply after…

Finam analyst Nikolay Dudchenko noted that yesterday’s OPEC+ decision demonstrates the cartel’s readiness to continue controlling the situation on the oil market

ight members of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Thursday to extend their voluntary supply cuts until the end of November, postponing a planned output increase amid falling crude prices.

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China

RIYADH: OPEC+ has decided to keep its oil output policy unchanged including a plan to start unwinding one layer of output cuts from October.

RIYADH: Saudi Arabia’s accumulated savings, rich natural resource base, and state capabilities put it in a good position to pursue sustained economic development, according to the finance minister. 

OPEC Secretary General Haitham al-Ghais on Thursday defended the recent adjustments to the OPEC+ oil output deal, calling it a success.Speaking…