Tag : OPEC
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country’s ambitious plan to invest $1.8 billion in offshore exploration for...
Gold continues upward climb, scaling one-year high racing past $2,000 an ounce
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which...
Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual...
Oil producers from OPEC and non-OPEC sign historic declaration
Ten non-OPEC oil-producing countries and OPEC Member Countries signed the Declaration of Cooperation (DoC) on 10 December 2022. At the OPEC Headquarters in Vienna, Austria,...
UAE plays a crucial role in securing global energy supplies – OPEC
As one of the world’s largest oil producers, and considering future directions to increase energy productivity, Haitham Al Ghais, Secretary-General of the Organisation of the...