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    Event highlights progress on Opec Fund’s plans and projects

    Event highlights progress on Opec Fund’s plans and projects

    18 Jun 2025

    Business Bureau, Gulf Today The United Arab Emirates, represented by the Ministry of Finance, participated in the 46th session of the Ministerial Council of the Opec Fund for International...

    UAE non-oil economy continues to exhibit healthy growth: Opec

    UAE non-oil economy continues to exhibit healthy growth: Opec

    14 Apr 2025

    The organisation of the Petroleum Exporting Countries (Opec) stressed that the UAE’s non-oil economy continued to exhibit a healthy growth dynamic, with the most recent data and economic indicators...

    Opec+ unexpectedly speeds up oil output hikes, oil drops

    Opec+ unexpectedly speeds up oil output hikes, oil drops

    04 Apr 2025

    Inayat-ur-Rahman, Business Editor / Reuters Eight Opec+ countries unexpectedly agreed to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in...

    OPEC Fund provides $35 million loan to support food security, climate action in Uzbekistan

    OPEC Fund provides $35 million loan to support food security, climate action in Uzbekistan

    11 Mar 2025

    The OPEC Fund for International Development (the OPEC Fund) is extending a US$35 million loan to Uzbekistan’s State Joint-Stock Company Asaka Bank (Asaka Bank) to enhance food security and...

    Oil drops as Opec+ plans to raise output, US tariffs beat sentiment

    Oil drops as Opec+ plans to raise output, US tariffs beat sentiment

    05 Mar 2025

    Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns US tariffs on Canada, Mexico and China...

    OPEC Fund approves $1b in development financing

    OPEC Fund approves $1b in development financing

    17 Dec 2024

    The OPEC Fund for International Development (OPEC Fund) has approved close to $1 billion in new development financing over the last quarter of 2024, including during its 190th Governing...

    Opec+ output decision based on fundamentals: Saudi Arabia

    Opec+ output decision based on fundamentals: Saudi Arabia

    06 Dec 2024

    Saudi energy minister Prince Abdulaziz Bin Salman said on Friday that the decision by Opec+ oil producers to delay the start of output increases was based on fundamentals. 'There...

    A world without OPEC+ would be in chaos, says Al Mazrouei

    A world without OPEC+ would be in chaos, says Al Mazrouei

    02 Oct 2024

    United Arab Emirates Energy Minister Suhail Al Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil market even if does not produce the majority...

    OPEC+ nearing agreement to delay oil output hike, sources say

    OPEC+ nearing agreement to delay oil output hike, sources say

    05 Sep 2024

    OPEC+ is nearing an agreement to delay a planned October oil output increase after crude prices hit their lowest in nine months, two sources from the producers group told Reuters...

    Oil does not operate in isolation, says OPEC chief

    Oil does not operate in isolation, says OPEC chief

    22 Aug 2024

    Haitham Al Ghais, OPEC Secretary General, said the international organisation does not believe that energy sources are locked in a zero-sum game. "Reality tells us that oil does not...

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