Tag: OPEC +
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...
UAE will raise oil supply to Asian buyers from January
After the success of the OPEC+ compromise deal on cuts, the UAE has decided to give a little more crude to Asian oil buyers...
OPEC+ reaches agreement to gradually increase output from January
After almost a week of tense negotiations that revealed a new rift at the center of the group, OPEC+ (Organization of the Petroleum Exporting...
Oil prices recorded straight 4th week gain fueled by vaccine hopes
Oil prices marked a straight fourth week of gains driven by the hopeful news about the COVID-19 vaccine and the OPEC+ producers meeting to...
An effective vaccine is the lifeline that oil markets and OPEC...
The oil market needed a shot in the arm after a string of bad news. Last week, when the pharmaceutical giant Pfizer revealed that...
OPEC+ could extend production cuts if required; Algerian Energy Minister
With an all-important higher-level meeting around the corner, the Algerian Energy Minister Mr. Abdelmadjid Attar has suggested that OPEC+, the global body of major...
Balanced and stable oil market is essential for post-pandemic recovery; OPEC...
The seventh high-level meeting of the OPEC-Russia Energy Dialogue, hosted by OPEC confirmed that a balanced and stable oil market is a prerequisite for...
