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Actually globally, we are seeing oil prices dropping at the moment? that's absolutely right. the concerns that the global economy will move a recessionary phrase that i can face is dampening demand for oil, and the prospect of oil prices being a lot lower is a result of oil prices coming off. but there is an important point to keep in mind at the background, which is that nearly 45% of oil supplied to the globe is via the opec group and its member countries. and with 45% essentially in their control, it's an important swing factorfor in their control, it's an important swing factor for the in ...

DUBAI: Saudi Arabia’s economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial...

Oil prices recovered slightly on Thursday but were unable to claw back the more than 9% decline in the previous...

MOSCOW: Russian Deputy Prime Alexander Novak said on Thursday the OPEC+ group of leading oil producers saw no need...

We've seen in the past opec members sometimes at war with each other, iraq and iran during the 1980s for an eight year war, and yet managed to continue to collaborate partner within opec. i'd also like to just take the opportunity to remember and honor secretary general mohammad barkindo, who's a good friend, who passed away recently and suddenly and his end of his tenure in opec. he was a great figure in the global energy stage and played a key role in that diplomacy in those critical years. do you think the relationship with opec and russia is part of the reason we are not seeing many of the...