OPEC - Asian News from UK

OPEC urges energy investment for market stability

OPEC Secretary General said the oil and gas industry, which will retain its share as a critical component of the energy mix, must transform and decarbonise operations…reports Asian Lite News Haitham Al

March 9, 2023

-Top News·Arab News·UAE News

India to lead demand for oil till 2045

OPEC report reveals India will take the leading role in crude requirement, along with other Asian and African, reports Animesh Singh…reports Asian Lite News After China driving the initial demand growth, it

February 8, 2023

-Top News·India News

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

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