OPEC’s Secretary-General, Haitham Al Ghais, highlighted optimistic projections during the ongoing 23rd Nigerian Oil and Gas Energy Week Conference in Abuja. According to Al Ghais, the world economy is expected…
OPEC
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OPEC Secretary General Haitham Al Ghais has cautioned against overestimating the role of critical minerals in exclusively powering the future of renewables and electric vehicles (EVs). In a statement on…
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On Friday, June 28, Bloomberg reported that a US Senate committee is investigating potential illegal coordination between oil producers and OPEC to raise prices. This follows accusations that the former…
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The U.S. Senate budget committee has launched an investigation into nearly 20 major oil and gas producers amid accusations of collusion with OPEC to manipulate oil prices through production constraints.…
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Saudi Arabia has entered a significant partnership aimed at bolstering Somalia’s economic recovery efforts. Saudi Finance Minister Mohammed al-Jadaan, alongside his Somalian counterpart Bihi Egeh and OPEC Fund president Abdulhamid…
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City Bank has entered a significant agreement with the OPEC Fund for International Development, securing a US$30 million loan aimed at bolstering international trade in Bangladesh. The partnership, formalized in…
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OPEC’s recent decision to phase out voluntary oil output cuts has sparked concerns among analysts and environmental advocates, who warn of potential market flooding and its implications for global climate…
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The Organization of the Petroleum Exporting Countries (OPEC) holds a critical place in the global oil industry. Formed in 1960, this intergovernmental organization consists of 13 member countries. These countries…
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In a recent research note released on Tuesday, Goldman Sachs predicts strong growth in oil production within the Permian Basin, the largest oilfield in the United States. The bank highlights…
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Scott Sheffield, the former CEO of Pioneer Natural Resources Co., has enlisted the services of a prominent Washington, DC lobbying firm following allegations from the US Federal Trade Commission (FTC)…