Friday 04 Apr

OPEC

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...

Saudi oil export revenues decline for fourth consecutive month
2024/11/24

Saudi oil export revenues decline for fourth consecutive month

Saudi Arabia's oil export revenues fell for the fourth consecutive month in September 2024, year-over-year. This decline is attributed to reduced export volumes due to...

Brent crude climbs above $71 as oil prices rise slightly
2024/11/18

Brent crude climbs above $71 as oil prices rise slightly

Oil prices edged higher on Monday, but geopolitical tensions and weakening demand continue to tug the market in opposite directions. While escalating tensions between Russia...

Weak China demand weighs on oil prices
2024/11/09

Weak China demand weighs on oil prices

Oil prices dipped this week as investors grappled with uncertainty following the U.S. presidential election. While China's recent stimulus measures failed to significantly boost market...

Oil prices plunge on demand concerns, Israeli threat
2024/10/15

Oil prices plunge on demand concerns, Israeli threat

Oil prices took a dramatic dive in early Asian trading on Tuesday, with Brent crude futures plummeting by $2.11 to $75.35 per barrel and US...

Libya's oil revival looms as parliament approves Central Bank head
2024/10/01

Libya's oil revival looms as parliament approves Central Bank head

The Libyan Parliament has approved the appointment of a new governor for the Central Bank, thus ending the dispute over control of the country's vast...