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    UAE committed to ensure global oil market stability, says minister

    UAE committed to ensure global oil market stability, says minister

    12 Feb 2024

    Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the Ministry is currently working on upgrading the UAE’s electric vehicle (EV) system by adding new stations and...

    Opec sticks to 2024 oil demand growth forecast

    Opec sticks to 2024 oil demand growth forecast

    12 Oct 2023

    The Organisation of the Petroleum Exporting Countries (Opec) on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a...

    UAE economy set to remain on growth path

    UAE economy set to remain on growth path

    12 Sep 2023

    The Organisation of the Petroleum Exporting Countries (Opec) has confirmed that the UAE’s economy grew by 3.8 per cent in the first quarter of 2023. In its September 2023 report,...

    Opec sticks to oil demand growth forecast citing resilient economies

    Opec sticks to oil demand growth forecast citing resilient economies

    12 Sep 2023

    Opec on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are faring better than expected despite headwinds...

    Saudi Arabia and Russia plan to extend 1.3m barrels a day oil cut

    Saudi Arabia and Russia plan to extend 1.3m barrels a day oil cut

    05 Sep 2023

    Saudi Arabia and Russia agreed on Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global...

    UAE’s economy to continue its robust performance in 2023: Opec

    UAE’s economy to continue its robust performance in 2023: Opec

    10 Aug 2023

    The Organisation of the Petroleum Exporting Countries (Opec) forecast that the UAE’s economy will continue its robust performance in 2023, after recording a growth of 7.9 per cent year-on-year in...

    Opec+ made no changes to the group’s current oil output policy

    Opec+ made no changes to the group’s current oil output policy

    04 Aug 2023

    An Opec+ ministerial panel which met on Friday made no changes to the group’s current oil output policy after a Saudi decision to extend its voluntary production cut into September...

    Saudi Arabia expected to extend voluntary oil cut till September

    Saudi Arabia expected to extend voluntary oil cut till September

    29 Jul 2023

    Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day for another month to include September, five analysts said, to provide additional...

    UAE sees current Opec+ actions sufficient for now, says minister

    UAE sees current Opec+ actions sufficient for now, says minister

    21 Jul 2023

    Current actions by Opec+ to support the oil market are sufficient for now, UAE Energy Minister Suhail Al Mazrouei said on Friday, and the group is “only a phone call...

    Global energy demand to rise 23% by 2045, says Opec chief

    Global energy demand to rise 23% by 2045, says Opec chief

    11 Jul 2023

    Global demand for all forms of energy is forecast to rise by 23% through 2045, Opec Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on...

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