Tag: Market
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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…
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The UAE Minister of Energy reveals the role of OPEC + in facing oil market speculation
The UAE Minister of Energy, Suhail Al Mazrouei, stressed the importance of the role of the OPEC + alliance in controlling the stability of global oil markets. In order to achieve the common interest of consumers and producers. He said that the Organization of Petroleum Exporting Countries “OPEC” and its allies outside the organization “OPEC…
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OAPEC Secretary General warns of new risks in the oil market
OAPEC Secretary General, Engineer Jamal Issa Al-Loughani, warned of new risks facing the global oil market, which is witnessing uncertainty after the re-introduction of the “No OPEC” bill. Today, Monday, April 3 (2023), the Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC) stated that some US senators are trying to put pressure on…
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Oil price losses continue.. Saudi Arabia and Algeria warn of market collapse
Oil prices continued their losses for the third day, recording their lowest level in more than a year, on the back of fears of a global economic collapse, in the wake of the bankruptcy of a number of US banks, led by Silicon Valley Bank. The uncertainty in the oil markets – amid US moves…
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UAE Energy Minister: The oil market faces challenges in 2023..and this is the role of OPEC + (video)
The UAE Minister of Energy, Suhail Al Mazrouei, confirmed that the global oil market faces several challenges during the current year (2023), most notably the lack of investment. And he stressed, in press statements on the sidelines of the World Government Summit – hosted by the UAE – the need to pump new investments in…
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The UAE Minister of Energy reveals the reason for the fluctuations in the gas market (photos)
The UAE Minister of Energy, Suhail Al Mazrouei, confirmed that the conditions in the oil market are balanced on the supply and demand side. He said in press statements on the sidelines of the launch of the activities of the Sustainability Week in Abu Dhabi: “I think that the market is completely balanced, and this…
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4 Factors Affecting Oil Market Sentiment in the Short Term (Article)
Read in this article The economic slowdown and concerns about oil demand are back in play. Brent and West Texas Intermediate prices settled at their lowest levels in 7 weeks. America and Britain will join the European Union in banning shipping and maritime services. The market is still awaiting important details of the price ceiling…
