OPEC | Egypt Oil & Gas - Part 2

OPEC Secretary General: Global Energy Demand to Rise 23% by 2045

OPEC, Organization of the Petroleum Exporting Countries, anticipates that global energy will increase by 23% by 2045 and overall demand will surge to 110 million barrels per day, according to Haitham Al Ghais, OPE ...

Japan, OPEC to Organize High-Level Dialogue

Japan and the Organization of the Petroleum Exporting Countries (OPEC) have decided to organize a dialogue between senior officials, Nikkei reported.

KSA Energy Minister: OPEC+ Working Against ‘Uncertainities and Sentiment’

Saudi Arabia's energy minister Prince Abdulaziz bin Salman that the most recent OPEC+ deal included fundamental reforms but also aimed to combat "uncertainties and sentiment" in the market,

OPEC Secretary General: Underinvestment Could Cause Market Volatility

Underinvestment in the oil and gas sector could cause long-term market volatility, stated Haitham Al Ghais, OPEC Secretary General, in a report from Reuters.

OPEC+ Sees No Need for Further Oil Output Cuts: Russian Deputy PM

OPEC+, the Group of leading oil producers, saw no need for further oil reductions despite lower-than-expected Chinese demand, but that the organization can always adjust its policy if necessary, according to Russi ...

IEA’s Birol Warns of Tight Global Oil Market in H2 2023

The surprising announcement of OPEC+ to implement voluntary production cuts of 1.66 million barrels per day from May until the end of the year could cause tightness in the second half of this year, according to Fa ...

Saudi Arabia Maintains Crude Supply to Asian Refiners Despite OPEC+ Cuts

Despite OPEC+’s surprising announcement last weak about extra production cut of 1.16 million barrels per day from May for the rest of the year, Saudi Aramco will maintain the same crude volumes supply to several N ...

Oil Prices Surge as OPEC+ Suprises Markets with Production Cuts

After the Organization of the Petroleum Exporting Countries and their allies including Russia (OPEC+) shocked the markets by announcing further production cuts of about 1.16 million barrels per day, oil prices inc ...

OPEC+ Expected to Commit to Production Cuts

In an interview with Energy Intelligence, Saudi Arabia's energy minister Prince Abdulaziz bin Salman said that OPEC+ alliance will abide by last October production-cuts decision until the end of the year, Reuters ...

OPEC+ Decisions Not Politicized: Saudi Energy Minister

Decisions that OPEC+ makes are not politicized and are based on market realities, according to Abdulaziz bin Salman, Saudi Arabian Energy Minister.

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