Tag: countries
-
Iraqi Oil Minister: The inclusion of new countries in “OPEC” enhances the stability of the global market
Iraqi Oil Minister Hayan Abdul-Ghani said that the entry of new countries into the Organization of Petroleum Exporting Countries (OPEC) aims to strengthen efforts to maintain the stability of the global market, and contributes to the generalization of benefits to all OPEC countries and investors. This came during an interview conducted by the Emirates News…
-
Oil production quotas for OPEC+ countries from January to December 2024
The oil production quotas for OPEC + countries over the next year (2024) are witnessing a noticeable discrepancy, after the coalition ministers decided during their meeting today, Sunday (June 4, 2023), to amend the base month – through which the quotas are calculated, whether by decrease or increase – in the period From January 1…
-
Iraq is trying to revive oil pipelines with 3 Arab countries, led by Saudi Arabia
Iraq is working to revive oil pipelines with Saudi Arabia, Jordan and Syria, after stopping the flow through Turkey led to a decline in Baghdad’s exports by about 500,000 barrels per day. Baghdad is seeking to find permanent and alternative outlets for its oil exports, amid plans to increase production to 8 million barrels per…
-
Why are oil prices declining despite the voluntary cuts of some OPEC+ countries? Anas Al-Hajji answers
The editorial advisor of the specialized energy platform, energy economist Dr. Anas Al-Hajji, explained the reasons for the decline in crude oil prices during the recent period, which pushed Brent crude into the seventies. Al-Hajji explained, in a new episode of the program “Energy humanitiesHe presented it on Twitter under the title “Oil Market Surprises……
-
India’s oil imports from OPEC countries are at an all-time low
India’s oil imports from OPEC countries continue to decline significantly since Russian supplies increased following Moscow’s invasion of Ukraine in February 2022. India’s imports of OPEC oil fell to an all-time low of 46% in April 2023, according to information reported by the energy freight tracker Vortexa and seen by the specialized energy platform. In…
-
OAPEC Secretary General: 6 Arab countries have oil refineries that produce high-quality derivatives
OAPEC Secretary General Jamal Al-Loughani revealed a number of challenges facing the oil refining industry, in light of international efforts to reduce emissions in order to achieve carbon neutrality. In an article entitled “The Oil Refining Industry and Energy Transformation Initiatives,” Al-Lougati stressed that the decline in investments in hydrocarbon projects will have a serious…
-
Saudi Arabia and 7 OPEC + countries surprise the markets with an additional reduction in oil production
The Kingdom of Saudi Arabia and several countries in the OPEC + coalition announced an additional voluntary reduction in oil production – amounting to 1.649 million barrels per day – starting from next May until the end of 2023. Today, Sunday, April 2, 2023, an official source in the Saudi Ministry of Energy stated that…
-
Official: Russian oil exports are changing their path to friendly countries
It is no longer difficult for Russian oil exports, which have been affected by Western sanctions, to reach friendly countries, in the wake of Moscow’s circumvention of Western restrictions that restrict the Russian energy industry. Western governments clamped down on Russian energy supplies; With the aim of drying up the sources of its revenues, which…
-
Iran is flirting with Saudi Arabia and OPEC + countries with an oil investment deal
Iran has become open to foreign investment, following the recent agreement between Riyadh and Tehran to resume their diplomatic relations, after a 7-year break. And the Iranian Ministry of Oil issued a statement – on March 19, 2023 – in which it said that it welcomed any offer of foreign investment in its projects in…
-
Fuel prices in the Arab countries a year after the Ukraine war.. Egypt and Algeria are the cheapest
The Ukraine war, which took place a full year ago, had a major impact on global oil and gas prices. This was reflected in fuel prices in the Arab countries. Including those that produce oil and gas, and do not face direct threats related to energy shortages. The Russian invasion of Ukraine, on February 24…
