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Tag: OPEC +

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...

Russia to support further oil production rise from February

Russia, one of the major forces outside the Organization of the Petroleum Exporting Countries (OPEC) group is reportedly willing to support any further raise...
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