Featured Oil & GasOPEC oil production surges despite intended cutsPrajwal WeleJanuary 11, 2023 by Prajwal WeleJanuary 11, 2023 Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better... Read more
Featured Oil & GasDrop in Nigeria’s crude oil production causes major concernWebAdminNovember 10, 2022 by WebAdminNovember 10, 2022 The fall in crude oil production threatens the already precarious finances of the most populous country in Africa... Read more
Featured Oil & GasOPEC+ cuts: Russia to be the benefiter?WebAdminOctober 18, 2022October 18, 2022 by WebAdminOctober 18, 2022October 18, 2022 Western sanctions have led to decreased Russian oil output, which has joined Nigeria and Angola as OPEC laggards... Read more
Featured Oil & GasSaudi Aramco makes huge profit amid Ukraine-Russia warIFM CorrespondentAugust 22, 2022 by IFM CorrespondentAugust 22, 2022 The amount from the Saudi oil firm Aramco is the biggest quarterly adjusted profit of any listed company.... Read more
Featured Oil & GasWill Saudi Arabia, UAE bail out from oil crisis?IFM CorrespondentAugust 4, 2022August 3, 2022 by IFM CorrespondentAugust 4, 2022August 3, 2022 OPEC was established in 1960 as a cartel with the intention of controlling the price and supply of oil globally.... Read more
Economy FeaturedTakeaways from Joe Biden’s first trip to Middle EastIFM CorrespondentJuly 21, 2022 by IFM CorrespondentJuly 21, 2022 OPEC+ decided last month to increase output targets by 648,000 barrels per day in August.... Read more
Featured Oil & GasKuwait oil revenues reach $38.10 bn in 2021IFM CorrespondentJanuary 18, 2022 by IFM CorrespondentJanuary 18, 2022 The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year... Read more
Economy FeaturedGCC economies poised to grow 2.6% in 2021: World BankIFM CorrespondentDecember 3, 2021 by IFM CorrespondentDecember 3, 2021 The report mentioned that the growth will continue in 2022... Read more
Featured Oil & GasKuwait backs OPEC+ plan to increase oil outputIFM CorrespondentNovember 1, 2021 by IFM CorrespondentNovember 1, 2021 OPEC+ announced a monthly increase of 400,000 barrels to ensure the oil supply balance in the global market... Read more
Featured Oil & GasOil prices dip as OPEC+ agrees to gradual output hikesWebAdminSeptember 2, 2021 by WebAdminSeptember 2, 2021 Brent crude was down by 0.2%, at $71.43 a barrel on Thursday... Read more