Puri assured Al Ghais that as one of the world’s fastest-growing economies, India is committed to supporting efforts to achieve such balance in global energy markets…reports Asian Lite News India…
The JMMC stated that participating countries with outstanding overproduced volumes for the months of January, February and March 2024, will submit their detailed compensation plans to the OPEC Secretariat by…
OPEC said this year’s global oil demand, expected to reach 102.1 million bpd, will surpass pre-COVID-19-pandemic levels…reports Asian Lite News Robust global oil demand growth has been forecast in 2023…
The Secretary-General noted that ‘Inclusivity’ relates to ensuring all voices are heard in discussions on energy transitions, developing and developed countries, producers and consumers….reports Asian Lite News Secretary-General of OPEC…
UAE among members of Organisation of Petroleum Exporting Countries (OPEC) Plus announced a surprise cut in oil production that will exceed one million barrels a day….reports Asian Lite News Oil…
OPEC+ had “noted the adverse impact of volatility and the decline in liquidity on the current oil market and the need to support the market’s stability and its efficient functioning…reports…
During the latest OPEC ministerial meeting, concerns were raised that insufficient investment into the sector will impact the availability of adequate supply to meet growing demand beyond 2023, reports Asian…
The bipartisan bill, the “No Oil Producing and Exporting Cartels Act of 2021” or “NOPEC”, may strip OPEC and its member states owned oil companies from sovereign immunity that has…
This prevented a deal that would have helped to soften crude prices a bit next month on the back of increased oil production of 2 million barrels a day….report Asian…
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has underlined on the need of the alliance between OPEC and non-OPEC to continue the agreement to restrain production after it ends…
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