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    Energy hungry Europe can’t look to US shale to fill any Opec gap

    Energy hungry Europe can’t look to US shale to fill any Opec gap

    03 Dec 2022

    US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running...

    UAE a safe global oil, energy supply source, says OPEC Secretary-General

    UAE a safe global oil, energy supply source, says OPEC Secretary-General

    03 Nov 2022

    Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), said that the UAE’s policies aimed at ensuring global energy stability underscore its clear vision and key...

    Opec to launch oil outlook at ADIPEC

    Opec to launch oil outlook at ADIPEC

    30 Oct 2022

    The 2022 Opec World Oil Outlook (WOO) will be launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in Abu Dhabi Today (Monday, 31 October 2022). Opec’s...

    Oil markets are going through ‘great fluctuations’, says Opec

    Oil markets are going through ‘great fluctuations’, says Opec

    16 Oct 2022

    Opec Secretary General Haitham Al Ghais said on Sunday that “oil markets are going through a stage of great fluctuations” during his two-day visit to Algiers. Al Ghais added that...

    Verbal spat over oil production cuts

    Verbal spat over oil production cuts

    14 Oct 2022

    In a surprisingly strong statement on Thursday, Saudi Arabia foreign ministry issued a statement refuting the White House statement saying that US President Joe Biden has called the OPEC +...

    Sheikh Mohamed’s peace moves

    Sheikh Mohamed’s peace moves

    13 Oct 2022

    United Arab Emirates President His Highness Sheikh Mohamed Bin Zayed Al Nahyan in his talks with Russian President Vladimir Putin in St. Petersburg on Tuesday discussed the Ukrainian crisis and...

    Opec+ cuts production in face of impending recession

    Opec+ cuts production in face of impending recession

    05 Oct 2022

    The Opec+ has decided in the meeting of its Joint Ministerial Monitoring Committee (JMMC) in Vienna on Wednesday to cut production by two million barrels per day. Opec+ sources said...

    Opec+ makes big oil cut to boost prices; pump costs may increase

    Opec+ makes big oil cut to boost prices; pump costs may increase

    05 Oct 2022

    The Opec+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices. Energy ministers meeting at the Vienna headquarters of the Opec+ oil group...

    Opec+ agrees to oil output cut to prop up prices

    Opec+ agrees to oil output cut to prop up prices

    05 Sep 2022

    The Opec+ agreed on  Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears....

    OPEC+ decision to up output raises queries

    OPEC+ decision to up output raises queries

    04 Aug 2022

    The decision of the 23 countries comprising the Organisation of Petroleum Exporting Countries (OPEC) +, which includes Russia and will increase output by 748,000 barrels per day (bpd) in September...

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