Tag: OPEC
World
US Official: Biden to Announce $1 Billion Funding for Food Security in the Middle East and North Africa
A US administration official indicated that US President Joe Biden would announce $1 billion in funding for food security in the Middle East and...
World
Bloomberg: Saudi Arabia sells some of its oil at a discount in light of competition with Russia
Bloomberg said in a report that Saudi Arabia is offering some of its crude oil at a significant discount to the Asian market due...
Economy
Oil prices move in a tight range ahead of Thursday’s meeting
Crude oil prices hovered in a tight range in morning trading ahead of two meetings this week, the OPEC Organization and the OPEC+ alliance.
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Economy
Iraqi Oil Minister: We intend to reach the level of production of 8 million barrels per day in 2027
Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail confirmed that "Iraq is working to increase its capacity to increase oil capacity and we have major projects...
World
OPEC+ has recommended increasing production by 648,000 barrels per day in July and August.
The OPEC+ Joint Ministerial Monitoring Committee recommended "to increase production by 648,000 barrels per day in July and August."The nations of the Organization of...
Economy
Oil continues to rise as Europe splits over Russian oil ban
Oil prices continued to rise on Friday, reaching a fifth consecutive week of gains, amid disagreements in Europe over a plan to ban crude...