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Opec+ is set to agree another small increase in production targets for June, delegates from the group say, as expectations that sanctions will crimp Russian output further counter demand growth...
Morocco and the OPEC Fund for International Development (OFID) have signed the legal documentation on the partial funding of the second phase of the Nigeria-Morocco Gas Pipeline (NMGP) project’s Front...
The world’s economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish...
Saudi Aramco’s net profit soared 124 per cent last year as global growth recovered from the Covid-19 downturn, the oil giant announced on Sunday. “Aramco’s net income increased by 124%...
Germany, which depends on Russia for two-thirds of its gas imports, is thinking of alternatives after the Russian attack on Ukraine, and the imposition of economic sanctions on Moscow. After...
It is an unusual tussle between the oil producers and oil consumers. The Organization of the Petroleum Exporting Countries (Opec) is under pressure to increase its oil output to ease...
Gulf Today Report The statement of the nineteenth ministerial meeting of the OPEC and non-OPEC members revealed that the rate of adherence to production adjustments in June 2021 reached...
Opec forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China...
Gulf Today Report The UAE Ministry of Energy and Infrastructure has said that its discussion with OPEC+ regarding its position on an extension of an oil supply deal are...
Opec sees a strong rebound in oil demand in the second half of 2021 with oil inventories shrinking but the producer group also sees coronavirus variants posing a risk...
