IMF Downgrades MENA Growth Forecasts Due to Gaza Conflict, Lower Oil Output
The fund projects that if the Israel-Gaza conflict slows down in Q1 2024, then the growth ...
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Russia Prefers to Keep Oil Output Unchanged Ahead of OPEC+ Meeting
Russia has little to no extra advantage by reducing its oil supply like its Arab counterparts ...
Daily oil output increased by additional 6,800 barrels with the new onshore wells in Turkey.
The oil discovery that made Turkey regain the strength was announced on Thursday by President Tayyip ...
Oil price picks up over 2% after OPEC+ kept Output targets steady
The Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, together called OPEC+ on Sunday ...
BP’s New Strategy Shifts from Green Energy to Oil Profits, Angering Environmentalists
BP invested $2.5 billion (£1.9 billion) in biofuels, hydrogen, EV charging, and renewable energy. BP has ...
Global Oil Demand Growth Is At its Slowest, Driven by China’s Decline
Oil prices fell below $70 per barrel in London on Wednesday for the first time since ...
Venezuela’s Controversial Election and Its Global Impact on Oil Markets
Venezuela made efforts to boost their oil capacity and conduct the leadership of Opec with Saudi ...
Oil Prices Fall as Russia Increases Supplies, Jet Fuel Demand Worries Linger
Tuesday's opening hours saw a small decline in oil prices following the previous trading day's increase. ...
CNOOC Finds Huge Oilfield of Over 100 Million Tons in South China Sea
Zhou Xinhuai, CEO and President of the Company, also stated that CNOOC had established a new ...
Global Oil Prices Drop Over 1% Following Saudi Slashes Its Prices
Saudi Arabia reduced the official selling price (OSP) of its flagship Arab Light crude to Asia ...
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