OPEC+ The ministers of the Organization of Petroleum Exporting Countries "OPEC" and its allies from abroad, led by Russia, in what is known as the OPEC + alliance, will meet today, Monday, to review the policy of oil production during…
Continue ReadingOil prices rose, during trading today, Wednesday, and Brent crude jumped above $ 75, affected by data issued by the American Petroleum Institute indicating a significant decrease in US oil inventories. Oil prices rose by more than a dollar to…
Continue ReadingSaad Al-Kaabi says his country does not plan to return to OPEC Qatari Energy Minister Saad Al-Kaabi revealed the reasons behind the rise in global gas prices during this period, and record levels, with the approach of winter. The CEO…
Continue ReadingThe International Energy Agency expects global oil demand to return to pre-Corona levels in 2022, but it has lowered demand estimates this year, while Hurricane Ida caused global supply to decline during August for the first time in 5 months.…
Continue ReadingDue to rising worries about the strength of demand, Opec+ will decide on 1 September whether to proceed with a quota increase of 400,000 b/d for October. Each month from August through April, Opec+ has the option of approving or…
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