Page 36 - Pec News Today

Decisions by Opec+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, addi..

Ensuring global energy markets are balanced is more of a concern to Suhail Al Mazrouei, who told Bloomberg that releases from the US won't "rock the boat."

Global oil demand will rise this year by 2.32 million barrels per day (bpd), or 2.3 per cent, according to the Organisation of the Petroleum Exporting Countries

The global oil and gas industry’s profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, the head of the Internationa..

Russia plans to cut oil output by 500,000bpd in March; Opec+ closely watching China recovery, global economy : UAE Energy Minister

Summary:  U.S. stock markets finished Friday mixed with a small gain in the S&P and weakness in the Nasdaq 100 weighed by higher bond yields. Ha

After ‘years of chronic underinvestment’, the oil industry needs US$500 billion of investment annually until 2045, said Opec’s secretary general.

Summary:  A downbeat session in the US yesterday took the S&P 500 Index back below the pivotal levels that provided resistance on the way up recen

The Secretary General of OPEC believes the OPEC+ group deserves recognition for its role in maintaining oil market stability

Summary:  Nasdaq 100 plunged 1.8% and S&P 500 shed 1% in a hectic session weighed on by earnings disappointments and higher bond yields followin