the Organization of the Petroleum Exporting Countries (OPEC) announced today that it has received official plans from eight member states outlining mechanisms to offset oil production that exceeded agreed quotas…
The International Energy Agency (IEA) reported in its monthly update on Thursday that the global oil supply could exceed demand by approximately 600,000 barrels per day this year, following a…
Oil prices lost the gains they had made earlier on Wednesday as the dollar strengthened. Despite a decrease in supplies from Russia and OPEC members, along with a drop in…
The OPEC+ alliance has agreed to maintain oil production at its current levels during the first quarter of 2025. Sources within the alliance confirmed that the plan includes a gradual…
The OPEC Fund for International Development has signed a $40 million loan to strengthen food systems and support the livelihoods of over 600,000 farmers in Sub-Saharan Africa. Dr. Abdulhamid Alkhalifa,…
Crude prices fell after weak economic data from the United States and China dampened demand expectations and negative signals dominated global markets. Crude oil prices fell for the second consecutive…
According to Vladimir Putin, relations between Russia and the United Arab Emirates are at their highest point. Putin thanked its ruler Sheikh Mohammed bin Zayed al-Nahyan for the “UAE’s stance”,…
Oil output cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday, as it confirmed that President Vladimir Putin would visit the United…