An official source at the Ministry of Energy announced that the Kingdom will extend the voluntary reduction of one million barrels per day, which began in July 2023 and was extended to include the...
Read moreThe World Bank lowered its forecast for the growth of the economies of the Gulf Cooperation Council to about 2.5 percent in 2023, down from 3.2 percent of its last forecast last April, but overall it...
Read moreSources from the International Energy Agency expected global oil demand to grow by 2.2 million barrels per day in 2023, to reach 102 million barrels per day, which is considered a record level and...
Read moreThe Kingdom of Saudi Arabia and other countries within the OPEC Plus group announced further cuts in their oil production until the end of 2023, with the aim of supporting the stability of oil...
Read moreAs part of its strategic plans to achieve sustainable development and preserve the environment, the UAE has been active in establishing huge clean and renewable energy projects, especially solar...
Read morePrior to assuming the presidency of the Kuwait Oil Company, Ahmad Al-Aidan was responsible for achieving oil and gas discoveries in Kuwait as he processes long experience in reservoirs and their...
Read moreLibya seeks to increase its crude oil production to 2 million barrels per day within 3 years. Libyan Oil Minister Mohamed Aoun is looking forward to achieving more oil and gas discoveries in the...
Read moreCrude oil and condensate production in Oman increased by 2.6 percent until the end of March 2023, to reach 95.7 million barrels, compared to 93.3 million barrels until the end of March 2022,...
Read moreFor the first time in 30 years, new hydrocarbon deposits have been discovered in Chechnya, Rosneft said, Report informs via Russian media. “Geologists from the Rosneft Science and Technology...
Read moreSaudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day (bpd) from May until the end of...
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