IMF predicts robust growth for the UAE economy, driven by oil revenues
Over the medium term, increasing non-oil revenue will be supported by the gradual implementation of a corporate income tax, which started in June 2023...
Tag : OPEC
Amid geopolitical tensions, OPEC sticks to 2024 oil demand forecast
OPEC and its allies, known as OPEC+, began limiting supplies in 2022 to support oil prices...
Russia & Saudi Arabia to continue voluntary oil cuts
In August, Russia announced that it would decrease exports by 300,000 bpd through the end of the year...
Moscow plans to reveal new parameters, extends oil export reduction
Russia has been reducing output and exports in concert with Saudi Arabia in addition to current OPEC+ limits...
Nigeria to take significant action to save naira as inflation continues to haunt country
Naira slipped by 0.7%, its steepest decline in nearly six months, in official trading on the Nigeria Exchange on June 2023...
IMF predicts slow growth for MENA economies
Italian Foreign Minister Antonio Tajani said that his country wants the IMF to start disbursing a loan to Tunisia without conditions...
US inventory jump, rate hike worries bring negative volatility in oil sector
Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023...
OPEC oil production surges despite intended cuts
by Prajwal Wele
Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better...