News

Markets are thirsty for more oil, OPEC+ and oil majors say
Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for ...
Analysis: OPEC+ production hikes could drive oil towards $60/barrel
Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.
Russia’s Crude Production Stayed Below OPEC+ Target in June
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
OPEC+ is pumping more oil, but is it needed and at what price?
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
OPEC+ output hikes not causing inventory builds, signaling firm demand
Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...
Emirates News Agency2h
UAE plays vital role in OPEC, OPEC+: Al Mazrouei
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, emphasised the importance of the UAE’s role in the ...
Oil tumbles as OPEC+ hikes August output more than expected
Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, ...