OPEC sticks to 2025 & 2026 global oil demand growth forecasts
With Brent crude trading lower at USD 76 per barrel following the release of the OPEC report, oil prices remained stable...
Category : Oil & Gas
Eyeing oil production boost, Libya to go for license bidding in 2025
Ahmet Turkoglu highlighted Libya’s offshore energy sector as a promising area for exploration and development, describing existing fields and brownfields as holding immense opportunities...
OPEC slashes global oil demand growth forecast for 2025
The global demand growth forecast for 2025 was also lowered by OPEC to 11.4 million barrels per day...
SOCAR Türkiye optimises group benefits through trade: Fuad Ibrahimov
SOCAR Türkiye is the only private sector player bringing in gas to the country from an alternative source...
Oil nudges up on escalating Ukraine war, signs of improving China demand
The rising conflict between Ukraine and Russia, two of the world's largest oil producers, seems to have helped prices...
Egypt in talks with foreign companies over long-term LNG purchases
LNG spot prices have recently increased to around USD 14.50 per million British thermal units, rising from approximately USD 12/mmBtu when Egypt commenced tendering for LNG...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
OPEC further trims global oil demand outlook for 2024 & 2025
OPEC maintained its prediction from September 2024 that the global economy would expand by 2.9% in 2025 and 3.3% in 2024, respectively...
Oman’s public revenues see annual rise of 2.3% as oil earnings increase
In August 2024, Oman's public revenue in the second quarter decreased by 2% year over year to USD 16.1 billion...
Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand
The world's second-biggest economy and top oil importer, China, announced fiscal stimulus measures recently, but the impact on oil prices was muted...