OPEC: Oil, Gas to Supply Global Energy Demand in 2040
OPEC's Secretary-General, Mohammad Sanusi Barkindo, said that oil and gas will continue to play a central role in achieving sustainable economic development and reducing energy poverty.
OPEC's Secretary-General, Mohammad Sanusi Barkindo, said that oil and gas will continue to play a central role in achieving sustainable economic development and reducing energy poverty.
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.
Saudi Aramco announced that it started reducing gasoline prices on October 20.
Kuwait and Saudi Arabia are negotiating to restart oil production from the jointly-operated fields in the Neutral Zone.
Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared to August, reaching around 9.13 million b/d after an attack on its energy installation.
The Saudi Oil Minister, Prince Abdulaziz bin Salman, discussed with the Minister of Economic Development of the Russian Federation, energy cooperation to stabilize the global energy market.
Saudi Arabia and Russia cooperate to bring “perpetual stability” in the global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister.
Abu Dhabi National Oil Co (ADNOC) is studying the possibility of a bond issue amid low interest rates.
Saudi Arabia’s oil exports have decreased following the recent attacks on major facilities.