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Global oil demand to reach pre-COVID level by 2022 end; IEA

Oil demand is set to rise above pre-pandemic levels by the end of 2022, the International Energy Agency (IEA) predicted, urging OPEC and its...

OPEC+ to ease production restrictions from May despite rising COVID-19 cases

OPEC+, an international collective formed by the Organization of the Petroleum Exporting Countries (OPEC) along with Russia and their allies, have decided to continue...

Saudi Arabia, Iraq unveil $3bn fund for development

Saudi Arabia will invest $3 billion in a new joint fund with Iraq to support private sector growth. According to the Kingdom, the joint fund...

OPEC+ decides to keep global oil supply in check; Prioritizes recovery

Saudi Arabia and its OPEC+ (Organization of the Petroleum Exporting Countries) allies has shocked the oil market with a decision to keep supply in...

Oil set to make gains ahead of OPEC+ meeting

Thanks to continued tightening in the markets, oil is set to make further gains this week ahead of a meeting of OPEC+ (Organization of...

Industry analysts and economists remain bullish on oil prices in 2021

While a monthly poll conducted among trade analysts and economists projects the Brent Crude prices to hover around $50.67 a barrel in 2021, lower...

OPEC+ faced with crucial decisions after a tough 2020

As one of the most stormy years in oil’s history ends, an important task now awaits OPEC+ (Organization of the Petroleum Exporting Countries). The alliance...

UAE optimistic about oil demand recovery in 2021: Energy Minister

The UAE is optimistic about the recovery of oil demand in 2021, but expects the rebound to be gradual, the energy minister of OPEC's...
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