Saudi Arabia, UAE, Kuwait and Oman join OPEC+ members in extending voluntary oil production cuts
OPEC
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OPEC
UAE economy grows as real estate, tourism and manufacturing thrive: OPEC
OPEC forecasts growth of UAE economy as real estate, tourism and manufacturing thrive
geopolitical tensions
Oil prices hover near 8-month lows as US recession fears offset Middle East supply concerns
Slumping diesel consumption in China, the world’s biggest contributor to oil demand growth, is also weighing on global oil prices
Global oil demand
OPEC: Global oil demand to rise by 2.25m bpd this year
OPEC says global oil demand will grow in 2024 and 2025
energy investments
OPEC calls for $14tn investment boost to meet surging energy demand through 2045
OPEC Secretary General stressed that these investments are crucial for ensuring reliable energy supplies for current and future generations