Dubai Senior officials from Saudi Arabia, the United Arab Emirates and Kuwait have defended the August production boost of 548,000 barrels per day, stating that global markets are absorbing the extra ...

Dubai Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, reaffirmed the UAE’s full backing for OPEC+ mechanisms, underlining the nation’s commitment to sustaining equilibrium in ...

OPEC+ appears to be prioritizing market share over high prices, potentially targeting U.S. shale by testing how producers respond to lower price environments.

From July 9 to 10, the Organization of the Petroleum Exporting Countries (OPEC) holds its 9th OPEC International Seminar, bringing global energy leaders to Vienna to discuss key industry issues and ...

Saudi Aramco is in advanced talks to acquire 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the ...

Saudi Energy Minister Prince Abdulaziz bin Salman said that oil and gas will remain indispensable despite expansion of renewable energy. "While renewable, nuclear power, and hydrogen energy sources ...

Markets are thirsty for oil because they are absorbing Opec+ production increases without building inventories, United Arab ...

Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed ...

Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...

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Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly ...

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.