Friday 04 Apr

oil

OPEC renews Haitham Al-Ghais as Secretary-General
2024/12/11

OPEC renews Haitham Al-Ghais as Secretary-General

OPEC has renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three-year term starting from August 1, 2025.

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg
2024/12/10

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg

Saudi Arabia plans to add 1 million barrels per day to its oil production by September 2026, according to a statement from the eight countries...

Saudi Arabia deepens oil price cuts for Asian buyers
2024/12/09

Saudi Arabia deepens oil price cuts for Asian buyers

Saudi Arabia has significantly reduced its oil prices for Asian customers, exceeding market expectations. This move follows the OPEC+ decision to further delay planned production...

ADNOC Gas aims to boost processing capacity
2024/12/04

ADNOC Gas aims to boost processing capacity

ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company, has announced plans to significantly enhance its gas processing capabilities. The company aims to...

UAE reduces fuel prices for December 2024
2024/12/01

UAE reduces fuel prices for December 2024

The committee overseeing gasoline and diesel prices in the United Arab Emirates has approved a reduction in fuel prices for the month of December 2024....

OPEC+ postpones oil output meeting
2024/11/28

OPEC+ postpones oil output meeting

The OPEC+ alliance has postponed its online meeting on oil production, originally scheduled for the following Sunday, to December 5th. This decision was announced in...

KSA, Russia, Iraq emphasize need for stable oil markets
2024/11/27

KSA, Russia, Iraq emphasize need for stable oil markets

Saudi Arabia, Russia, and Iraq, three key OPEC+ nations, convened in Baghdad to discuss energy markets ahead of the alliance's crucial end-of-year meeting.

OPEC+ to hold virtual meeting this week
2024/11/26

OPEC+ to hold virtual meeting this week

The OPEC+ alliance, led by Saudi Arabia and Russia, is set to hold its scheduled meeting this week virtually. This marks the third consecutive online...