Page 44 - Pec News Today

Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6 per cent, the Organisation of the Petroleum Exporting Countries (Opec) said in a month...

Oil prices could head back above $100 sooner than many analysts had expected, with oil markets set to tighten in the near future

Analysis: President Biden and the Democrats face a highly contested midterm election that will impact US foreign policy goals in the Middle East, including oil politics, military aid, renewing the JCPOA, and regional normalisation with Israel.

Hardeep Singh Puri told Reuters on the sidelines of a major industry event in Abu Dhabi that the Opec+ decision was a “sovereign” one

In line with the decision of the Organization of the Petroleum Exporting Countries and its partners (OPEC +) earlier this month, Saudi Arabia will cut oil production by 573,000 barrels per day (bpd) from November

Oil prices were down early on Friday morning but were still set for a weekly gain of roughly 3% as U.S. oil exports hit record highs

Saudi Arabia is prepared to export more oil if the global energy crisis gets worse, said energy minister Prince Abdulaziz bin Salman, weeks after the US fiercely criticised OPEC+ production cuts.

A new report gives more background about the rupture in relations between the longtime allies, revealing that the United States believed it had a secret oil deal in place.

Danial Norjidi Carrying the theme, ‘Advancing Digitalisation, Achieving Sustainability’, the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting 2022 saw finance ministers and high-level representatives from the 21 APEC member economies convene in Bangkok against the backdrop of an adverse global environment. The outcomes of the meeting were reflected in a statement by the meeting’s Chair, […]

Saudi Arabia’s investment minister believes that the spat over oil supply between Saudi Arabia and the U.S. is only temporary