OPEC

OPEC+ yesterday agreed to adhere to its current production policy. The decision came at the group's 47th Joint Ministerial Monitoring Committee (JMMC) videoconference meeting. The ministers on the panel...

Russian President, Vladimir Putin, on Tuesday, held separate phone talks with Algerian President, Abdelmadjid Tebboune, and Armenian Prime Minister, Nikol Pashinyan, the Kremlin said in a statement, Anadolu News...

Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman discussed ways to ensure stability of the global oil markets, within the framework of OPEC+. The Kremlin said...

An OPEC+ panel is likely to recommend keeping the oil producer group's current output policy unchanged when it meets this week, five OPEC+ delegates told Reuters on Monday. Ministers...

A different type of energy transition has taken place at this year's World Economic Forum (WEF) meeting. Unlike 2021's COP26 climate conference in Glasgow, where oil and gas executives...

The United Arab Emirates said on Thursday that Sultan Al-Jaber, the head of state oil giant ADNOC, will act as president of the COP28 climate conference that it is...

In 2022, the biggest energy issue in the Middle East was Organisation of the Petroleum Exporting Countries (OPEC) oil cut as the world economy entered into a period of...

Iraq's oil revenues reached more than $115 billion last year, according to preliminary figures issued by the Ministry of Oil. This marks the highest value since the significant decline...

Every year hands over major issues and events to its successor. As we enter 2023, arguably the most important outstanding issue facing the world is Russia's war in Ukraine,...

On 9 December, Saudi Arabia hosted the first Arab-China summit, a rare event marking Beijing's new approach to relations with the Middle East and North Africa (MENA) region. The...

A review of 2022...

The year 2022 saw the energy topic return intensely to the attention of media, political leaders and public opinion after Russia's invasion of Ukraine in February. Russia's war has...

President Joe Biden administration's response to a question by judge John Bates on whether Saudi Crown Prince Mohammed Bin Salman – known as MBS – should be treated as a head...

Saudi Arabia, the world's top oil exporter, cut the January official selling price (OSP) for its flagship Arab Light crude for Asian buyers on concerns over faltering demand and...

The problem with most Western media's political analyses is that they generally tend to be short-sighted and focused mostly on variables that are of direct interest to Western governments....

Iraq plans to start increasing oil export capacity, according to its OPEC delegate, Bloomberg reports. According to the report, the country prepares to add a total of 1 million...

The Energy Ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023, the Saudi...

Saudi Arabia, on Monday, said that OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it...

Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on Monday, citing unidentified delegates within the group, Reuters reports. An increase...

Saudi Minister of State for Foreign Affairs, Adel Al-Jubeir, said the kingdom's relations with the United States are "solid" and the two will overcome recent differences over the decision...

The United Arab Emirates' Energy Minister said, on Monday, that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its help, the...

The Wall Street Journal reported Saudi officials privately saying that the kingdom could sell US Treasury bonds held by Riyadh if Congress passed legislation against OPEC. While American newspaper...

Saudi Arabia's recent moves to provide aid to Ukraine and its vote at the United Nations condemning Russia's annexation of Ukrainian territory are positive developments, but do not compensate...

Saudi Arabia decided to be the "maturer guys" in a spat with the United States over oil supplies, the Kingdom's Energy Minister, Prince Abdulaziz bin Salman, said on Tuesday,...

Saudi Arabia and the United States will get over their "unwarranted" spat over oil supplies, the Kingdom's Investment Minister told a business forum in Riyadh on Tuesday, highlighting long-standing corporate and...

Turkiye has called on Friday to lift sanctions imposed by the US and the West on Venezuela and Iran to help alleviate the international energy price crisis. "The entire...

Turkish Foreign Minister Mevlut Cavusoglu has stated that his country cannot accept US threats to Saudi Arabia after the OPEC+ decision to reduce oil production. In a statement reported...

Former Prime Minister of Qatar Sheikh Hamad Bin Jassim Bin Jaber Al-Thani has stated: "The price of a barrel of oil should have been more than $250 by now...

New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output...

Jordan yesterday called for direct dialogue between the United States and Saudi Arabia to discuss reported tensions over a recent OPEC+ decision to reduce oil production. The Jordanian Ministry...

Kuwait, Jordan, Pakistan and Djibouti have voiced their full solidarity with Saudi Arabia in the face of American criticism over the recent decision by the Saudi-led OPEC+ group to...

The United Arab Emirates believes that OPEC+ made the correct technical choice when it agreed to cut production and the unanimous decision had nothing to do with politics, Energy...