The GCC region is poised for a significant rebound, with growth projected to more than double to 4.4% in 2025
crude oil output
Latest in crude oil output
crude oil
Oil price reaches over $85 on shrinking US rig count amid geopolitical tensions
A shrinking US rig count added to upward price pressure
crude oil output
Oil prices edge lower as fresh voluntary cuts by OPEC+ disappoint traders
The benchmark Brent crude declined to $82.83 a barrel, down 0.32 percent, while West Texas Intermediate (WTI) slipped 0.26 percent on Friday morning trading hours
crude oil output
Oil prices hold above $80/bbl ahead of OPEC+ meeting
Prices tumbled in the middle of last week after OPEC+ postponed a ministerial meeting to November 30, reportedly to iron out differences on production targets for African producers
crude oil output
Crude prices tumble 5% over two days as OPEC+ meeting delayed
OPEC+ announced that the ministerial meeting has been rescheduled from November 26 to November 30, without providing a specific reason for the delay
crude oil output
Oil prices dip amidst fears of decreased demand in US and China
Saudi Arabia and Russia, confirmed last week that they would continue their additional voluntary oil output cuts until the end of the year
Arab Light Crude
Saudi Arabia to keep December Arab Light crude oil price to Asia steady from November: Report
Top oil exporters Saudi Arabia and Russia also confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year
crude oil output
Saudi Arabia extends 1mn voluntary oil production cut into September
Russia will also cut oil exports by 300,000 bpd in September, Deputy Prime Minister Alexander Novak said shortly after the Saudi announcement
crude oil output
Oil prices near 3-month highs on Saudi Arabia’s expected output cut extension
Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September
crude oil
Saudi Arabia extends 1m barrel per day oil production cut
Saudi Arabia’s Ministry of Energy extends voluntary production cut
crude oil
Saudi Arabia announces another round of production cut to revive declining oil prices
The kingdom said on Sunday that it would make these production cuts in July
crude oil output
Russian oil exports to India jumps 22-fold amid EU embargo
Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighbouring Ukraine
$100 oil price
Goldman Sachs no longer anticipates that oil will hit $100 in 2023
The bank’s latest analysis comes amid apprehensions of a wider banking crisis impacting growth potentials
crude oil output
Crude prices rise in Asian markets after Saudi denial on reports on OPEC+ plan on output increase
Brent crude futures rose 17 cents – or 0.2 percent – to $87.62, while US West Texas Intermediate (WTI) crude futures for January rising 7 cents – or 0.1 percent to $80.11 a barrel in early trading hours on Tuesday
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OPEC increases oil production despite output cut agreement: Report
According to the report, only five among the 22 countries involved actually reduced production in October
ADIPEC
OPEC predicts world economy to more than double by 2045
The global primary energy demand is also forecast to continue growing in the medium- and long-term, increasing by a significant 23 percent in the period to 2045, according to the 2022 edition of the World Oil Outlook by the oil producers body
crude oil output
Saudi Arabia rejects criticism that OPEC+ decision to cut crude production was politically motivated
A Saudi foreign ministry statement said the OPEC+’s meeting outcomes were based purely on economic considerations, taking into account maintaining balance of supply and demand in the oil markets, as well as o limit volatility that does not serve the interests of consumers and producers