OPEC+ expresses excitement over Namibia partnership
The Organization of the Petroleum Exporting Countries (OPEC+) expressed excitement about the prospect of Namibia…
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The Organization of the Petroleum Exporting Countries
Iraq’s output will not exceed 4mln bpd
Iraq is committed to producing no more than 4 million bpd following the announcement of its second voluntary cut in…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
IEA raises its estimate of oil demand in ’24
The International Energy Agency (IEA) revised up its estimate of the growth in oil demand in 2024 on Thursday.
Oil prices down 1% on Monday
Oil prices fell by more than 1 per cent on early Monday trade, with Brent Crude falling by 1.24 per cent or 0.95…
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.