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...
Category : Oil & Gas
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...
Petrol price 40% cheaper in Nigeria than Saudi Arabia doesn’t make sense: Aliko Dangote
Noting that all other nations have done away with fuel subsidies, Aliko Dangote clarified that the Nigerian government could no longer afford the burden of subsidies...
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
OPEC+ agrees to delay October 2024 oil output hike for two months
On December 1, OPEC+ ministers convene as a full group to decide on policy...
Qatar & Kuwait LNG supply deal: All you need to know
In 2020, Kuwait and Qatar agreed to deliver 3 million tons of LNG annually for 15 years starting in 2022, aligning with the current agreement...
In major policy change, Baghdad shifts to profit sharing with oil & gas deals
In 2023, the total deal was heralded as a breakthrough in attracting Western majors back to Baghdad...