Page 6 - Pec News Today

ALBAWABA – Angola is leaving OPEC, the Organization of the Petroleum Exporting Countries, local news agency ANGOP reported on Thursday

Chinese, Pakistani universities have also joined forces to develop crop cultivation techniques

Analysts say lack of unity has fuelled scepticism; its market share has dropped to 51pc

According to the International Energy Agency, global oil inventories fell in October, the first decline in four months.

ALBAWABA – Oil prices rose Thursday on US crude inventories falling and the US dollar down on the Fed pinning US interest rates and signalling multiple

Brazil’s decision to join OPEC+ highlights just how large a player the country is on the world stage, with its soaring oil production threatening the consortium’s control of oil markets.

ALBAWABA – Countries participating in the COP28 in Dubai clashed over a proposed pledge to phase out fossil fuel, including Saudi Arabia, Russia and the

Oil prices rose sharply on Friday after Saudi Arabia and Russia urged all the members of the OPEC+ group to join an output cut agreement..

Saudi Arabia, Russia call for all OPEC+ members to join supply cuts

Oil prices are on course for a seventh weekly loss in a row as concerns about weaker demand countered the effect of the latest OPEC+ production cut agreement.