OPEC forecasted that China's COVID-19 restrictions would be relaxed this year, which will boost global growth. The organization also sounded optimistic about the prospects for the global economy in 2023, Reuters r ...
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the past year 2022 witnessed the achievement of a record number of petroleum exports that amounted to $18.2 billion, the ministry said in a st ...
On the sidelines of the ministerial meeting of the Gas Exporting Countries Forum (GECF), which concluded its activities yesterday in Cairo, Minister of Petroleum and Mineral Resources Tarek El Molla held a joint s ...
Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Saad bin Sherida Al Kaabi, Minister of Energy of Qatar, and his accompanying delegation, on the sidelines of the ministerial meeting of the Gas ...
For the fourth time since April, OPEC reduced its projection for the rise in global oil demand in 2022 and lowered its estimate for the following year, citing weakening economies, the revival of China's COVID-19 c ...
According to CGT labor union representatives at TotalEnergies and ExxonMobil's Esso France, the strikes that have affected French oil refineries and storage facilities will resume, Reuters reported.
Several people with knowledge of the situation said on Monday that Saudi Aramco has informed at least seven customers in Asia that they will get full contract volumes of crude oil in November before the peak winte ...
Prime Minister Mostafa Madbouly held a meeting to discuss enhancing possible cooperation opportunities between the government and the Egyptian German Pump Company (Ruhrpumpen Egypt), which specializes in pump prod ...
The chief executive of Saudi Aramco said that the oil market is not paying attention to the fact that the world's spare capacity to increase oil output is very low, and the chief executive of Shell claimed that in ...
According to OPEC sources, OPEC+ may consider reducing oil production by more than 1 million barrels per day the following week in order to address the weakness in oil market. This would be the largest action take ...
