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…
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 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…
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…
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…
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…
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…
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…
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…
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…
