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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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Business
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Economy
4/22/2021 2:37:23 PM
The deal was signed by the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank (AfDB), the Green Climate Fund (GCF), and the Arab Bank
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World
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Region
4/1/2021 7:04:00 PM
US Energy Secretary Jennifer Granholm said on Twitter she had spoken to Saudi Energy Minister Prince Abdulaziz Bin Salman
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World
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Region
3/31/2021 3:27:40 PM
The market supply/demand balance has largely improved as result of output cuts implemented by the group known as OPEC+, according to state news agency KUNA
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Business
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Economy
3/30/2021 3:33:41 PM
Ships were moving through the Suez Canal again on Tuesday after tugs refloated the giant Ever Given container carrier causing a huge build-up of vessels around the waterway
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World
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Region
3/30/2021 2:01:18 PM
A Saudi oil source said on Tuesday OPEC+ had not taken any decision yet and discussions about policy had yet to start
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Business
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Economy
3/30/2021 1:27:05 PM
Oil prices fell as the Suez Canal opened up after days closed by a grounded supercarrier and focus turned to an OPEC+ meeting this week
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World
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Region
3/30/2021 11:51:44 AM
The OPEC cartel's largest producer is Saudi Arabia but the OPEC+ grouping also includes Russia, which produces even more crude oil
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World
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Region
3/3/2021 5:18:55 PM
The market had been widely expecting OPEC+ to ease production cuts, which have been the deepest ever, by around 0.5 million barrels per day (bpd) from April
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World
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International
2/28/2021 6:03:20 PM
This suggests that for now Biden is prepared to stick with the specific sanctions imposed by former President Donald Trump on the OPEC nation, despite the failure to force Maduro from power
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World
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Region
1/5/2021 12:09:08 PM
OPEC+ sources told Reuters that Russia and Kazakhstan had backed raising production while Iraq, Nigeria and the United Arab Emirates suggested holding output steady
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Business
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Economy
1/4/2021 12:33:35 PM
Seoul rallied 2.5 percent following strong export data, while Sydney put on more than one percent as there were signs a spike in new infections in the city was being brought under control
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