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    Global oil demand to grow by 2.25mn bpd in 2024; OPEC

    The Organization of the Petroleum Exporting Countries (OPEC) has reportedly stated that world oil demand will rise by 2.25 million barrels per day (bpd)...

    OPEC+ agreement ‘essential’ for oil market stability; Saudi King

    Saudi Arabia’s King Salman bin Abdulaziz Al Saud has stated that the Organization of the Petroleum Exporting Countries Plus (OPEC+) production pact is "essential"...

    OPEC, Non-OPEC members reiterate commitment for oil market stability

    The 22nd OPEC and non-OPEC Ministerial Meeting reaffirmed the participating countries' commitment to the Declaration of Cooperation (DoC) to ensure a stable and balanced...

    UAE and Saudi Arabia near compromise in oil output deal

    Saudi Arabia and the UAE have reportedly reached the outline of a deal that would unlock an agreement by the Organization of the Petroleum...

    OPEC+ delayed production decision tests group’s coordination capacity; Fitch

    American credit rating agency, Fitch Ratings has stated that the OPEC+ has delayed its decision on the extent of crude oil production increases, raising...

    Brent Crude holds near $77 as OPEC+ meeting ends without a supply deal

    Brent Crude price surged as OPEC+ completed days of talks without reaching an agreement to resume additional restricted supply next month, depriving the market...

    Saudi Arabia disagrees to UAE’s criticism on OPEC+ agreement

    Saudi Arabia has disagreed against the criticism of its rival Gulf producer, the United Arab Emirates (UAE) to a proposed OPEC+ agreement, calling for...

    Oil prices rally above $75 as OPEC+ holds off on production...

    Oil prices closed their differential and ended the week higher, as OPEC+ deferred a long-awaited meeting regarding future production increases.  After bridging their spreads and...