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OPEC

UAE is committed to OPEC+ agreement

UAE says committed to OPEC+ agreement

The UAE Energy Minister, Suhail Al Mazrouei, stated that his country is committed to the “OPEC+” agreement, between members of the Organization of Petroleum Exporting Countries (OPEC) and allies from outside it.This came a day after the UAE ambassador to Washington, Yousef Al-Otaiba, announced that his country would urge OPEC…

OPEC IS CONFIDENT OF ONGOING DEMAND FOR OIL

OPEC is confident of ongoing demand for oil

According to the Organization of Petroleum Exporting Countries (OPEC), global oil demand will continue to rise until 2045, with the majority of this increase occurring in the current decade. The International Energy Agency’s annual report on the outlook for global oil, says that demand is expected to rise 17.6 million…