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    Oil up nearly 2% ahead of Opec output talks, global stocks gain

    04 Dec 2019

    Oil gained on Wednesday ahead of an expected extension to production curbs by Opec and its allies, with further support from industry data showing a larger

    Opec nations, Russia agree to cut oil production to lift prices

    06 Dec 2019

    The Opec oil-producing countries and ally Russia said on Friday they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.

    OPEC+ meeting agrees to raise output by 400,000 barrels per day from August

    18 Jul 2021

    According to a source, OPEC Plus agreed to increase the UAE’s share to 3.5 million barrels per day, and increase Iraq and Kuwait produce 150,000 barrels per day.

    OPEC+ deliberations on oil supply deal still underway, says UAE

    14 Jul 2021

    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 still underway.

    Opec sees world oil demand reaching pre-virus level in 2022

    15 Jul 2021

    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 and India.

    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).

    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.

    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.

    Saudi Aramco net profit rises by 124% to $110 billion in 2021

    20 Mar 2022

    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% to $110 billion in 2021, compared to $49.0 billion in 2020,”

    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 helped oil prices rally further.

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