War in Ukraine
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Economy
3/9/2022 9:06:50 PM
The United Arab Emirates said Wednesday it would urge fellow states in the OPEC oil producers' cartel to boost output after prices surged following Russia's invasion of Ukraine.
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War in Ukraine
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Economy
3/3/2022 2:10:18 PM
European stocks slid and oil flirted with $120 per barrel Thursday as conflict raged in Ukraine.
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Business
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Energy
2/28/2022 2:15:39 PM
The OPEC+ cartel of top oil producers at their monthly meeting on Wednesday are likely to be powerless to rein in prices, which have soared above $100 after member Russia's invasion of Ukraine.
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World
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International
2/13/2022 11:49:41 AM
Soaring energy prices have brought massive profits to oil majors, along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills.
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World
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International
2/2/2022 11:43:09 AM
Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs, spiking gasoline costs and fears of a Russian military move against Ukraine add to jitters over supply
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Al-Ahram Weekly
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Egypt
2/1/2022 10:44:10 PM
Oil prices have hit seven-year highs with expectations of further rises, reports Ahmed Kotb
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World
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Region
1/20/2022 9:28:15 AM
The head of Libya's national oil company said on Wednesday that his country is targeting an output of 1.2 million barrels of oil a day in 2022.
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Business
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Energy
1/4/2022 1:35:08 PM
Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.
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World
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Region
1/3/2022 6:40:59 PM
Top oil producing countries on Monday picked Kuwaiti oil executive Haitham al-Ghais as the next secretary general of the Organization of the Petroleum Exporting Countries (OPEC).
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World
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Region
12/28/2021 1:39:26 PM
A rocket and gunfire targeted the premises of a Chinese oil services company in southern Iraq at dawn on Tuesday, without causing any casualties or damage, officials said.
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Business
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Energy
11/30/2021 9:33:43 AM
OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation.
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Business
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Economy
11/2/2021 6:34:52 PM
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development have allocated a loan worth $200 million for the National Bank of Egypt (NBE) with the aim of supporting Egypt’s efforts to enhance the growth of investments across various infrastructure sectors, the bank announced.
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Business
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Energy
9/13/2021 4:07:09 PM
As economic activity ramps up OPEC expects global oil demand to grow by 4.2 million barrels per day (mbd) on average next year
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World
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Region
9/1/2021 6:48:58 PM
Oil prices were trading lower ahead of the meeting. The price of oil fell 1.6% to $67.40 per barrel on the New York Mercantile Exchange, while Brent crude, an international benchmark, fell 1.4% to $70.67 per barrel
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World
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Region
7/18/2021 2:41:58 PM
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a 'full agreement' after an earlier dispute that roiled oil prices
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World
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Region
7/12/2021 2:07:57 PM
Oman's leader, Sultan Haitham bin Tariq al-Said, visited Saudi Arabia on Sunday on his first official overseas trip since assuming power 2020
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World
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International
7/6/2021 11:24:34 AM
The OPEC+ group on Monday cancelled a planned meeting that was supposed to overcome an impasse between the United Arab Emirates and other members on how to lift output
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World
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Region
7/5/2021 11:52:27 AM
The UAE has bitterly opposed a proposed deal by the alliance of oil producing countries to raise production, causing a stalemate that could derail efforts to curb rising crude prices amid a fragile post-pandemic recovery
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World
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Region
7/4/2021 1:52:50 PM
The current deal "would prolong the UAE's unfair reference production baseline until December 2022, from the existing agreement end date of April 2022", the energy and infrastructure ministry said
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World
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Region
4/27/2021 4:09:20 PM
The group, known as OPEC+, began a meeting of its joint ministerial monitoring committee (JMMC) a day head of schedule, an OPEC+ source told Reuters
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