opec

Oman’s Diversified Oil Strategy in 2023, Condensates Surge Amid Production Cuts

In 2023, Oman's oil strategy showcased resilience amid production cuts, with a daily average output of 1.048 million barrels. The…

2 years ago

Russia Emerges as India’s Dominant Oil Supplier, Surpassing Traditional Middle Eastern Sources

In a significant shift within India's crude oil market, Russia has surpassed Saudi Arabia, Iraq, the UAE, and the US…

2 years ago

Oil rises as Saudi comments outweigh recession concerns

Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further…

3 years ago

UAE says OPEC+ output cut was correct decision, no politics behind it

The United Arab Emirates believes that OPEC+ made the correct technical choice when it agreed to cut production and the…

3 years ago

OPEC+ oil supply cuts could tip world into recession, IEA says

A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could…

3 years ago

Oil prices rise as supply uncertainty mounts

Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments…

3 years ago

Oil rises on prospect of OPEC+ supply cut

Oil rose on Monday, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset…

3 years ago

Exclusive: Saudi, UAE save oil firepower in case of winter supply crisis

OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a "significant increase" in oil output should…

3 years ago

OPEC+ might have to raise oil output so market doesn’t overheat, Kazakhstan says

OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said on Wednesday, as the group…

3 years ago

Oil drops as weak Chinese factory data heightens demand concerns

Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors…

3 years ago