OPEC
- Business
Oil sector requires $12.1 trillion investment up to 2045: OPEC chief
Haitham Al Ghais affirms 23% increase in primary energy demand up to 2045, raising need for all forms of energy…
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Saudi Arabia will continue to cut additional oil production in August
Saudi Arabia has decided to continue the additional production cut of 1 million barrels per day in oil in August.…
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Baghdad ordered to compensate Turkiye for crude exports from northern Iraq
Despite instability, Turkiye has spent billions to keep Iraq-Turkiye Oil Pipeline System operational since 1973, says Turkiye’s Energy Ministry The…
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OPEC revises down world oil demand growth for 2022 and 2023
Total oil demand is projected to average 99.6 million barrels per day in 2022 and 101.8 million barrels per day…
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OPEC+ producers agree to cut output by 2 Million barrels per day starting from November
Next meeting of OPEC and non-OPEC members scheduled for December 4 The Organization of Petroleum Exporting Countries (OPEC) and allies,…
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Oil down over lingering recession fears, strong dollar
Expected EU sanctions on Russian oil are also weighing on prices Oil prices slightly declined on Monday over weak oil…
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Commodity prices up as uncertainty around monetary policies disappears
Gold gains 0.3%, silver up 4.4% The demand for the dollar decreased as global monetary policies became less unpredictable, while…
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Oil prices drop amid China COVID curbs, possible rate hikes
Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential…
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Oil edges down as inflation expected to impact fuel demand
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest…
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Commodity prices down on rising dollar demand
Dollar demand, rising due to US Fed minutes signaling continued hawkish policies, last week caused commodity prices to drop Commodity…
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