- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- 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
OPEC
The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets
The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...
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Russia cuts oil production by 2.5 million barrels per day, starting in May 2020
Russian industry sources confirmed on Monday, April 20, 2020 that the Russian Energy Ministry asked local oil producers to reduce oil production by about 20% from the February 2020 average levels,...
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Oman Supports Deeper Oil Output Cut in (OPEC+)
Omani Oil Minister Mohammed bin Hamad Al-Rumhi said on Saturday 8 February 2020 that his country supports the recommendations made by the technical committee in (OPEC +, which is OPEC and its allies...
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OPEC production expected to decline in 2020 due to the spread of Corona virus in China
The US Bloomberg agency said in its report published on Sunday, 2nd February 2020 that the Organization of Petroleum Exporting Countries “OPEC” has to reduce its production to overcome...
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OPEC to extend oil output cuts till June Cause of Coronavirus
OPEC sources have confirmed to Reuters that they want to extend the current cuts in oil production until June 2020, with the possibility of making further cuts if oil demand in China is greatly...
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OPEC and Russia deepen oil output cuts
Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...
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