OPEC | Egypt Oil & Gas - Part 3
Russian PM: OPEC+ Alliance to Bolster Cooperation Despite UAE Withdrawal
The Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain cooperation despite the United Arab Emirates’ (UAE) withdrawal, Russia’s Deputy Prime Minister Alexander Novak announced, accordin...
Goldman Sachs: UAE Exit from OPEC Signals Medium-Term Upside Supply Risk
The United Arab Emirates’ (UAE) decision to exit OPEC and the wider OPEC+ alliance poses a significant upside risk to global oil supply over the medium term, Goldman Sachs, a leading global investment banking firm, re...
Brent Climbs Above $78 Amid Gulf Tensions, Shipping Disruptions
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest leve...
OPEC+ to Consider Output Boost in Upcoming Meeting
Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia (OPEC+), are considering a major output boost on March 1 meeting, potentially surpassing the slated 411,000 barrels per day (bb...
OPEC+ Signals Possible Oil Output Increase from April Amid Rising Demand
OPEC+ is inclined to resume gradual oil production increases starting in April, Reuters reported, according to three sources within the alliance, as the group positions itself ahead of stronger summer demand and firme...
OPEC+ Eight Maintain Pause on Output Increases
Eight OPEC+ member nations agreed to maintain their pause on planned oil production increases during a virtual meeting held on February 1. The group cited seasonal demand factors and ongoing market uncertainty as the ... OPEC+ Members Pause January-March 2026 Production Increases
Eight leading OPEC+ members, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, agreed to pause their planned production increases for January to March 2026, citing seasonal demand patterns an...
Badawi, Al Ghais Strengthen Egypt–OPEC Relations at ADIPEC
On the sidelines of the ADIPEC 2025 Exhibition and Conference in Abu Dhabi, Karim Badawi, Minister of Petroleum and Mineral Resources, met with Haitham Al Ghais, Secretary General of the Organization of the Petroleum ...
