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News about OPEC
The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members, it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state. (Source: Wikipedia)
Asia
OPEC Secretary General: Lack of investment can lead to volatility in energy markets
He added at the "Middle East Oil and Gas 2023" conference in the United Arab Emirates that the world must focus on reducing greenhouse...
News
Despite Friday’s declines, Oil posts its first weekly gain in a month
Brent crude futures fell 28 cents, or 0.8%, to $75.58 a barrel at settlement, and U.S. West Texas Intermediate crude fell 25 cents, or...
News
Saudi Energy Minister: Coordination with OPEC+ boosts market stability
He also underlined the Kingdom's interest in cooperating with Arab countries in the field of energy, explaining that this is an "integral part" of...
News
China highlights strategic partnership with OPEC
Chan Jianhua's remarks came as part of the activities of the sixth high-level meeting of the OPEC-China energy dialogue, held in the Chinese capital,...
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News
OPEC Secretary General: Lack of investment threatens sustainability of energy system
The Secretary General of OPEC said in press releases: "As populations and economies grow, the world will need more energy in the decades to...
Foreign Affairs
Oil continues its losses for the fourth consecutive week
Brent crude futures have fallen around 1.5% over the past week, and US crude has fallen even more than 1.82%.
Oil prices were also hurt...
Foreign Affairs
Oil continues its losses for the third week in a row
Brent crude futures have fallen around 1.5% over the past week, and US crude has fallen even more than 1.82%.
Oil prices were also hurt...
Asia
OPEC raises Chinese oil demand growth forecast
OPEC kept its forecast for global demand growth unchanged, attributing this to possible bearish factors such as the US debt ceiling.
In its monthly report,...
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News
“OPEC” confirms expectations for growth in demand for its oil in the current year
And the organization maintained its expectation for growth in external supply in the current year at 1.4 million barrels.
The organization also maintained its forecast...
Asia
Al-Mazrouei: OPEC + voluntary cuts to balance oil markets
Speaking to reporters on the sidelines of the World Utilities Conference, the minister expressed concern about future supply shortages due to lack of investment.
"I'm...
News
The war of declarations between the Energy Agency and OPEC… What are the causes and the consequences?
In its latest report, the Energy Agency criticized the decision to voluntarily cut production adopted by the "OPEC +" alliance, saying that the decision...
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Is your libido at half mast? These 6 tips can awaken desire
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