OPEC – Page 3 – Asian News from UK

OPEC+ recommends staying course on oil output policy

The JMMC comprises oil ministers from the OPEC+ countries. It has no decision-making power but provides policy recommendations for the OPEC+ ministerial meeting, the group’s decision-making body…reports Asian Lite News Leading oil

February 2, 2023

-Top News·UAE News

UAE a safe global oil, energy supply source: OPEC chief

Al Ghais described the UAE’s prominent role in the international oil market, highlighting its essential work in production monitoring committees at ministerial and technical levels….reports Asian Lite News Secretary-General of the Organisation

November 4, 2022

-Top News·UAE News

OPEC Fund extends $11mn higher education loan to Chad

The project is co-financed with the Arab Bank for Economic Development in Africa (BADEA) and will include the expansion of the institute’s facilities and allow 600 more students each year…reports Asian Lite

September 26, 2022

-Top News·Arab News·UAE News

OPEC+ cut oil output, prices jump

OPEC+ had “noted the adverse impact of volatility and the decline in liquidity on the current oil market and the need to support the market’s stability and its efficient functioning…reports Asian Lite

September 6, 2022

-Top News·Arab News

OPEC sees lower oil demand growth in 2022

Explaining the downward revision, OPEC cited “weaker second-quarter growth in the major economies and an observed soft trend in some key economies”…reports Asian Lite News The Organisation of the Petroleum Exporting Countries

August 12, 2022

-Top News·Arab News·UAE News

OPEC confirms smallest ever output rise

During the latest OPEC ministerial meeting, concerns were raised that insufficient investment into the sector will impact the availability of adequate supply to meet growing demand beyond 2023, reports Asian Lite Newdesk

August 4, 2022

-Top News·Arab News

US is at last getting serious about countering OPEC

The bipartisan bill, the “No Oil Producing and Exporting Cartels Act of 2021” or “NOPEC”, may strip OPEC and its member states owned oil companies from sovereign immunity that has protected them

May 10, 2022

-Top News·Arab News·USA

OPEC deadlock: No respite for fuel consumers in India

This prevented a deal that would have helped to soften crude prices a bit next month on the back of increased oil production of 2 million barrels a day….report Asian Lite News

July 6, 2021

-Top News·India News·UAE News

Extending OPEC+ is basis of agreement: KSA

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has underlined on the need of the alliance between OPEC and non-OPEC to continue the agreement to restrain production after it ends in April

July 5, 2021

-Top News·Arab News·Saudi Arabia

OPEC Fund extends $10mn loan to Bank of Maldives

According to the Fund, the loan will be used for on-lending to small- and medium-sized enterprises (SMEs) engaged in tourism and related services…reports Asian Lite News The OPEC Fund for International Development

June 8, 2021

Economy·UAE News

OPEC - Page 3