OPEC
OPEC leaders mock IEA 2050 net zero roadmap
Through Dina Khrennikova and Olga Tanas at 3/6/2021 MOSCOW (Bloomberg) – The world’s largest petro-states have rejected calls for a rapid abandonment of oil and gas, warning that starving the investment industry will hurt the global economy. Russian Deputy Prime Minister Alexander Novak If the world were to follow the International Energy Agency’s controversial roadmap, …
The Energy Chamber joins the 1st high-level meeting of the OPEC-Africa dialogue on energy
June 2, 2021, OPEC, in collaboration with the African Energy Commission (“AFREC“), the African Petroleum Producers Organization (“APPO“), the Association of African Refiners and Distributors (“ARDA“), and the African Energy Chamber (“AEC”) (Www.EnergyChamber.org) hosted the first OPEC-Africa Energy Dialogue to promote continent-wide cooperation initiatives. At AEC We are proud and touched to have been invited …
Saudis raise oil prices for Asian customers as market tightens
Subscribe to our Middle East newsletter and follow us @Middle East for news from the region. Saudi Arabia has raised oil prices for its customers in its main market, Asia, more than expected after crude surpassed $ 70 a barrel and OPEC forecast global demand to far exceed $ 70 a barrel. ‘offer during the …
Full speech: speech by HE Dr Diamantino Pedro Azevedo at the 17th Ministerial Meeting of OPEC and non-OPEC countries
Excellencies, distinguished delegates, Welcome to 17 OPEC and no-OPEC Ministerial meeting. Let me begin by thanking His Royal Highness Prince Abdul Aziz Bin Salman, Minister of Energy of Saudi Arabia, and His Excellency Alexander Novak, Deputy Prime Minister of the Russian Federation for their commitment and tireless dedication to the Declaration of Cooperation (DoC). Your …
OPEC increases production, but that may not lower gas prices
GRAND RAPID, Mich. (WOOD) – OPEC on Tuesday confirmed plans to return more than 2 million barrels of crude per day of oil production over the next few months. Patrick DeHaan from GasBuddy.com said the decision has to do with continuing the ongoing economic recovery. “Not only in the United States but in the world, …
Brent hits $ 70, OPEC meeting, strong Eurozone PMI data
By Peter Nurse Investing.com – Brent surpasses $ 70 a barrel ahead of last OPEC meeting, stocks continue to climb, British pound shows more strength and European economic indicators point to a recovery. Here is what moves the markets on Tuesday June 1st. 1. Brent exceeds $ 70 before OPEC meeting Crude oil prices were …
UK gasoline prices set to rise for seventh consecutive month | Gasoline prices
UK gasoline prices are expected to rise for a seventh consecutive month after hitting a two-year high over the weekend. The price of unleaded exceeded the average by 129 pence per liter, its highest point since June 2019, as the rise in the price of crude oil was offset by growing demand from drivers. The …
Saudi Arabia pledged to meet India’s crude oil needs: Saudi envoy
NEW DELHI: Saudi Arabia, the world’s largest oil exporter, said on Sunday it was determined to meet India’s needs for petroleum products, a claim that came as a result of the country’s desire to ” relax cuts in global production to curb the surge in oil prices. In an interview with PTI, Saudi Ambassador Dr …
Saudi Arabia’s oil exports soar ahead of OPEC + meeting
After more than a year of volatility due to a pandemic and weak demand for oil, Saudi Arabia is currently experiencing an oil export boom. Saudi Arabia’s oil exports rose 75 percent year-on-year in March, to a value of nearly $ 14 billion, according to a report by the General Statistics Authority (GASTAT), crude oil …
Saudi Arabia to provide more oxygen and containers to India
New Delhi: Saudi Arabia is shipping more medical oxygen and tankers to India to transport them as it increases aid to the nation battling the world’s worst outbreak of the Covid-19 pandemic. Saudi Arabia last month shipped 80 tons of liquid oxygen to India and now three more containers with 60 tons of oxygen and …