OPEC Fund Aids Libya’s Flood Relief
The OPEC Fund has approved a US$500,000 aid grant to provide urgent and medium-term relief to the affected population and by meeting
OPEC sticks to oil demand growth forecasts
OPEC said this year’s global oil demand, expected to reach 102.1 million bpd, will surpass pre-COVID-19-pandemic levels…reports Asian Lite News Robust global
OPEC expects 2.2% growth in oil demand in 2024
The world economic growth in 2023 is to remain broadly unchanged at 2.6%, according to the organisation, with the initial forecast for
4 countries consulted to join OPEC
Al Ghais said that consultations with new countries from outside the organisation contribute to strengthening the cohesion of OPEC…reports Asian Lite News
‘OPEC aims to stabilise market, reduce environmental impact’
The Secretary-General noted that ‘Inclusivity’ relates to ensuring all voices are heard in discussions on energy transitions, developing and developed countries, producers
OPEC calls for inclusive dialogue on energy sustainability
Al Ghais lauded the UAE’s support for the organisation, stating that since joining OPEC, the country has played a leading role in
OPEC, Japan discuss current global energy supplies
The two sides reviewed the expectations of global demand, highlighting the significance of establishing a dialogue…reports Asian Lite News Haitham Al Ghais,
Oil prices surge after OPEC+ output cut
UAE among members of Organisation of Petroleum Exporting Countries (OPEC) Plus announced a surprise cut in oil production that will exceed one
OPEC urges energy investment for market stability
OPEC Secretary General said the oil and gas industry, which will retain its share as a critical component of the energy mix,
India to lead demand for oil till 2045
OPEC report reveals India will take the leading role in crude requirement, along with other Asian and African, reports Animesh Singh…reports Asian