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Opec+ in deal to extend deep production cuts into 2025The Organization of the Petroleum Exporting Countries and allies led by Russia (together known as Opec+) have reached an agreement to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid d More… |
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Oman energy group OQ posts robust $2.52bn net profit for 2023OQ, Oman’s global integrated energy group, has posted a robust net profit of OMR970 million ($2.52 billion) for 2023 on the back of OMR13.7 billion in revenue and EBITDA of OMR1.975 billion. More… |
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Oman energy group OQ posts robust $2.52bn net profit for 2023OQ, Oman’s global integrated energy group, has posted a robust net profit of OMR970 million ($2.52 billion) for 2023 on the back of OMR13.7 billion in revenue and EBITDA of OMR1.975 billion. More… |
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Opec+ keeps current output policy unchangedThe Organization of the Petroleum Exporting Countries and its allies (Opec+) have reached an agreement at its Joint Ministerial Monitoring Committee (JMMC) meeting to keep the current oil production levels unchanged. More… |
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Saudi Aramco set to slash June output by 1m bpdSaudi Ministry of Energy has directed Aramco to reduce its crude oil production, for the upcoming month by an extra voluntary amount of one million barrels per day, in addition to the reduction committed by the kingdom in the Opec+ agreement i More… |
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Saudi to fully restore oil production by month-endSaudi Arabia will fully restore its oil output by this month end after weekend attacks halved output, reports quoted the kingdom's energy minister as saying. Prince Abdulaziz bin Salman told a p More… |
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Adnoc JV celebrates first oil production from Haliba fieldAl Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (Adnoc), the Korea National Oil Company (KNOC) and GS Energy, and one of Adnoc’s youngest operating companies, announced, today, it has begun producing c More… |
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Opec, allies back on track with oil cuts, US output at new highThe Organisation of Petroleum Exporting Countries (Opec) and its partners are once again cutting production as promised in their effort to steady the market, said a report. Non-Opec compliance soa More… |
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UAE GDP grows 4.4 per cent in Q4 2018Driven by increased buoyancy in non-oil sector, and accelerated growth in oil production from October to December 2018, the UAE gross domestic product (GDP) grew by 4.4 per cent in Q4 2018 as compared to the corresponding period of 2017, accordi More… |
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UAE GDP grows 4.4 per cent in Q4 2018Driven by increased buoyancy in non-oil sector, and accelerated growth in oil production from October to December 2018, the UAE gross domestic product (GDP) grew by 4.4 per cent in Q4 2018 as compared to the corresponding period of 2017, accordi More… |
