OPEC chief warns of energy chaos if oil left underground
At the COP28 summit in Dubai, Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham…
Browsing Tag
OPEC
Vladimir Putin going to UAE, Saudi for important discussions
Russia’s President Vladimir Putin will travel to the UAE and Saudi Arabia this week to hold “extremely important”…
Oil prices increase amid weak dollar, on hopes for OPEC+ output cuts
Oil prices increased on Tuesday amid a weak dollar, and expectation that OPEC+ group would extend output cuts.
Climate change threatens the livelihoods of middle easterners
According to a recent report by the World Economic Forum (WEF), climate change threatens the livelihoods of more…
IEA cuts 2024 global demand oil growth forecast – OMR report
The International Energy Agency (IEA) downgraded the global oil demand growth forecast to 880,000 barrels per day…
Oil prices rise above $90 as Saudi Arabia and Russia extend cuts
Oil prices surged above $90 during trading after Saudi Arabia and Russia extended their plan to cut their oil…
BofA expects oil price at $90/ barrel in 2024
Bank of America (BofA) Global Research has revealed on Wednesday its latest Brent crude oil price forecasts for…
OPEC+ panel keeps oil output policy unchanged
The OPEC+ ministerial panel met on Friday and decided to keep its current oil production policies unchanged.
Kuwait to issue new port tender next week
Kuwait, the OPEC producer, is set to issue a new port tender next Tuesday and has invited companies for a meeting…
Iraq finishes two thirds of Grand Faw Port
Iraq, the OPEC member, has completed around two thirds of the Grand Faw Port project, said Iraq’s Transport…
