OPEC
OPEC sticks with supply cuts as West tightens sanctions on Russian oil
World
December 4, 2022
OPEC sticks with supply cuts as West tightens sanctions on Russian oil
London CNN Business — OPEC and its allies decided Sunday to stick with their existing policy of curtailing oil output,…
Egypt, UAE and Bahrain comment on Saudi Arabia’s position on OPEC+ decision
Egypt
October 19, 2022
Egypt, UAE and Bahrain comment on Saudi Arabia’s position on OPEC+ decision
Egypt, UAE and Bahrain on Monday expressed their “full support and solidarity” with Saudi Arabia, and their categorical rejection of…
As the US-Saudi oil spat intensifies, what are Biden’s options?
Middle East
October 15, 2022
As the US-Saudi oil spat intensifies, what are Biden’s options?
Abu Dhabi CNN — The Saudi-American relationship appears to have hit rock bottom. After a move by the Saudi-led OPEC+…
Democratic senator says ‘there’s got to be consequences’ for Saudi Arabia after OPEC+ announces oil production cuts
Middle East
October 12, 2022
Democratic senator says ‘there’s got to be consequences’ for Saudi Arabia after OPEC+ announces oil production cuts
CNN – A Democratic member of the Senate Foreign Relations Committee said Sunday that “there’s got to be consequences” after…
Egypt to register economic growth of 4.8% in 2023: World Bank
Business
October 12, 2022
Egypt to register economic growth of 4.8% in 2023: World Bank
The World Bank stated that Egypt will have a positive economic growth rate in 2023 of 4.8 percent, TV host…
Why Saudi Arabia defied the US over OPEC oil supply cut
Middle East
October 8, 2022
Why Saudi Arabia defied the US over OPEC oil supply cut
Abu Dhabi CNN — Saudi Arabia’s energy minister once famously said that the kingdom “derives pleasure from keeping everyone on…
Why OPEC may not have the answer to high oil prices
Middle East
June 28, 2022
Why OPEC may not have the answer to high oil prices
Abu Dhabi, UAE (CNN) – Oil-consuming nations wait with bated breath as the OPEC cartel meets once again this week…
Oil rally to continue in 2022 as demand outstrips supply, analysts say
Middle East
January 13, 2022
Oil rally to continue in 2022 as demand outstrips supply, analysts say
LONDON, Jan 12 (Reuters) – Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts…
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
Middle East
July 26, 2021
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
CAIRO, July 26 (Reuters) – The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow…
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
Middle East
July 18, 2021
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
MOSCOW/DUBAI/LONDON, July 18 (Reuters) – OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which…