Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Org ...
OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May.
The International Energy Agency (IEA) announced that the global oil demand growth forecast for 2025 has been revised down to 730,000 bbl/d, decreasing by 300,000 bbl/d from the March report.
The Organization of the Petroleum Exporting Counties (OPEC) announced that it revised down the oil demand growth expectations for 2025 to 1.3 million barrels per day (mmbbl/d) compared to last year.
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (b/d), equivalent to three monthly increments, in May 2025.
Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, B ...
Iraq's fuel oil exports are poised to achieve all time highs this year, driven by the country’s ramp up shipments in October. This surge comes as domestic demand eased and production rose, according to Reuters.
Minister of Petroleum and Mineral Resources Karim Badawi has reviewed the role of fossil fuels in the global energy mix in light of global trends towards the energy transition.
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and OPEC Secretary General Haitham Al Ghais held a bilateral meeting in Abu Dhabi on the sidelines of ADIPEC 2024.
On the occasion of the 64th anniversary of the founding of the Petroleum Exporting Countries (OPEC), Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, issued a statement wishing Haitham Al-Ghais, ...
