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 | Egypt Oil & Gas - Part 4
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.
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 ...
