OPEC | Egypt Oil & Gas - Part 2

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.

OPEC Secretary General: Petroleum Industry Needs $12 trillion of Investments Until 2045

The Secretary General of the Petroleum Exporting Countries Organization (OEPEC), Haitham Al Ghais, said that the OPEC is recently expected that the energy demand will increase and it will reach to its levels as be ...

El Molla Highlights Key Role of OPEC in Boosting Cooperation Among Oil Industry Stakeholders

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has underlined the significant role of the Petroleum Exporting Countries Organization (OPEC) in boosting the international cooperation and taking in ...

OPEC President Attends Launch of 2022 GECF Global Gas Outlook 2050

OPEC President and Equatorial Guinean Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima, in his capacity as President of the Council of Ministers of the GECF 2023, has participated in the launch of the ...

OPEC Expects Chinese Oil Demand to Rebound

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 ...

OPEC+ Will Remain Proactive, Pre-Emptive, Saudi Oil Minister Says

Given the market uncertainty, OPEC and its allies must continue to be proactive, according to the Saudi Arabian oil minister.

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