Oil prices remained relatively unchanged as trading slowed ahead of the U.S. Thanksgiving holiday, with market attention shifting to the upcoming OPEC+ meeting. Brent crude, the global benchmark, hovered near…
OPEC
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Asia-Pacific markets remained volatile on Wednesday, still reeling from the tariff threats issued by the Trump administration the previous day. While Wall Street experienced a surge, with the S&P 500…
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OPEC+ has limited flexibility to reverse its ongoing oil production cuts, which have inadvertently spurred increased supply from the U.S. shale industry, according to Afshin Javan, Iran’s representative to the…
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The Organization of the Petroleum Exporting Countries (OPEC) and the Russian Federation convened today for the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue. Co-chaired by Alexander Novak, Deputy Prime…
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Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), defended the role of crude oil and natural gas in the global economy during his speech…
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Azerbaijan’s Minister of Energy, Parviz Shahbazov, held talks with Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), on Tuesday. The meeting focused on key…
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Nigeria’s 2025 budget is facing significant challenges as the Federal Government aims to rely heavily on oil revenue, but OPEC’s production quotas and global market fluctuations cast a shadow over…
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The OPEC+ alliance, already grappling with supply management issues, faces a turbulent end to 2024, exacerbated by unexpected weaknesses in global oil demand and political uncertainties from the United States.…
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The Organization of Petroleum Exporting Countries (OPEC) has forecasted a significant rise in global oil demand, predicting it will reach 120.1 million barrels per day by 2050—an increase of 24%…
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China’s crude oil imports continue to show weakness, underscoring a significant challenge for OPEC+ nations as they navigate the global energy market. October marked the sixth consecutive month of decline…