The Organisation of the Petroleum Exporting Countries (OPEC) maintained its forecast for global oil demand growth in 2023 for the fourth consecutive month. However, it also...
The Sultanate of Oman’s production of crude oil and condensates during February 2023 stood at 29.7 million barrels, or a daily average of 1.06 million barrels,...
The energy ministers of the Organisation of Petroleum Exporting Countries (OPEC) and their independent partners – the ‘OPEC+’ group – decided to increase crude oil supplies...
Opec+ decided to keep its plan to increase production by 648,000 oil barrels per day during August 2022. This came during the organisation’s meeting last week...
London: Paris based International Energy Agency (IEA), warned that the demand for COVID-19 vaccines coupled with the deadlock oversupply levels with OPEC+ members, could escalate into...
With the deadlock over oil output still unresolved, the 23 member states of OPEC+ gathered again today to reach a consensus on oil output. Since May...
In an industrial insight by Platts Analytics, the global oil output is expected to increase significantly increase in spite of the ongoing revisions in demand, due...
(WAM) — The OPEC Fund for International Development, OFID, and the West African Development Bank, BOAD, have signed a Framework Agreement to further strengthen their development...
(WAM) — The price of OPEC basket of thirteen crudes stood at US$41.40 a barrel on Wednesday, 23rd September 2020, compared with $41.32 the previous day,...
(WAM)-The price of OPEC basket of thirteen crudes stood at US$42.98 a barrel on Friday, 18th September, 2020, compared with $42.07 the previous day, according to...
