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Reversal of oil cuts to double GCC growth in 2025: ReportThe Middle East’s economic growth is expected to see a significant acceleration to 3.7% in 2025, largely driven by the reversal of oil production cuts by Opec+, following a projected 2.1% growth in 2024, a report says. Painting a More… |
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Opec stays focused on stable oil market says chiefThe Organization of the Petroleum Exporting Countries (OPEC) will continue to focus on ensuring that the oil market is stable and balanced in the interest of all producers and consumers, as well as the global economy, Opec chief has said. More… |
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Energy mix not locked in zero-sum game: Opec ChiefHaitham Al Ghais, Opec Secretary General, said the international organisation does not believe that energy sources are locked in a zero-sum game, reported WAM. “Reality tells us that oil does not operate More… |
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UAE economy posts robust growth within nonoil sectors: OpecThe Organisation of the Petroleum Exporting Countries (Opec) said the UAE's economy continues to demonstrate robust growth, particularly within non-oil sectors such as real estate, tourism, and manufacturing. More… |
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Saudi Exim Bank signs co-operation deal with Opec FundThe Saudi Export-Import Bank (Exim) has announced that it has signed an agreement with the Opec Fund for International Development to enhance co-operation, support development initiatives, and promote Saudi non-oil exports in mutually benefici More… |
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Opec's forecast paints quite a realistic picture: Rosneft CEOThe Rosneft CEO Igor Sechin expects oil demand to continue to grow. “It is not surprising that global oil demand continues to grow despite the expectations of the so-called ‘oil peak’. I believe that Opec's foreca More… |
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UAE continues to post robust growth in non-oil sectors: OPECThe UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec). The More… |
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UAE continues to post robust growth in non-oil sectors: OPECThe UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec). The More… |
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Opec+ likely to keep production cuts in place at June meetingThe next Opec+ ministerial meeting that takes place on June 1 and is likely to keep production cuts in place, according to Emirates NBD Research. The meeting would have three main themes for its agenda: More… |
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India reiterates its partnership with OpecIndia has reiterated its long-standing and constructive partnership with the Organisation of Petroleum Exporting Countries (Opec). India is the second largest export destination for the Opec as a whole, reported WAM . More… |
