- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
- Libya to target producing 1.4 million b/d by end 2024
- TotalEnergies launches the Marsa LNG project and deploys it multi-energy strategy in Oman
- H.E. Minister Al-Kaabi: Demand for oil and gas will continue for long; we have to be responsible, and Qatar is doing its part
- Egypt to stop exporting LNG starting from the beginning of May 2024
- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
Markets
The International Monetary Fund re-selects Kristalina Georgieva as its director
The Executive Board of the International Monetary Fund has selected Ms. Kristalina Georgieva to fill the position of Director General, for a second five-year term beginning on October 1, 2024. The...
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TotalEnergies launches the Marsa LNG project and deploys it multi-energy strategy in Oman
During a visit in Muscat on 21st April 2024 Patrick Pouyanné, Chairman and CEO of TotalEnergies met with His Majesty Sultan Haitham bin Tariq Al Said and His Excellency Eng. Salim bin Nasser Al...
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H.E. Minister Al-Kaabi: Demand for oil and gas will continue for long; we have to be responsible, and Qatar is doing its part
DOHA, Qatar • 28 April 2024 – His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, took part in the World Economic Forum’s...
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Egypt to stop exporting LNG starting from the beginning of May 2024
In 2018, Egypt largely stopped importing liquefied natural gas, and has transformed from a net importer of gas to an exporter of it since late 2018, thanks to the rapid growth in gas supplies,...
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Kuwait Oil Company to cut production by 646 thousand barrels per day to implement its share of the (OPEC+)
Kuwait Oil Company is developing a plan to implement OPEC’s new decision by cutting Kuwait oil production by 646 thousand barrels per day in order to reduce the world oil glut in the market and to...
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Oman will cut oil production by 23% in May & June 2020
The Omani Ministry of Oil and Gas said on Tuesday, April 14, 2020 that it will cut oil production by 23% in May and June, to comply with the OPEC+ cutoff agreed on Sunday, April 12, 2020, and...
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Bahrain Energy Minister: OPEC+ alliance resumption would have made the oil market balanced
In an interview with the Bahraini Minister of Energy, Sheikh Mohammed bin Khalifa Al Khalifa, for the Oil and Gas Middle East Network, commenting on the current situation of the oil sector: “We...
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Oil prices to fall amid news of delaying the Saudi and Russian talks
Global oil prices fell after the meeting of Saudi Arabia and Russia on the trend to cut production was postponed as the spread of the Corona virus affected demand, BBC reported. Trump expected Saudi...
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Agreement on Oil Production Rates.. Saudi Arabia and Russia at Crossroads
Russia announced a few days ago that it will not support further cuts in oil production from OPEC+. This was followed by a notable decline in crude oil prices, to reach today at $37 a barrel (Brent...
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Oil prices jump to $70 a barrel due to tension in the Gulf region
As tensions between the United States and Iran escalated, oil prices jumped to more than $70 a barrel. The immediate rise in prices was among the biggest jumps since the attack on Aramco oil...
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