Bitcoin and crypto markets react to global $17.3 trillion oil shock
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that...
Tag : OPEC
OPEC+ to boost output by 411000 bpd starting May 2025
OPEC+ to raise oil output by 411,000 bpd in May as market outlook strengthens, maintaining flexible adjustment plans....
Oil prices fall as Brent sinks 3% on US crude build and OPEC+ decision
Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and...
Crude extends gains amid OPEC+ uncertainty and weaker U.S. dollar
Oil prices extended gains, settling above $72 a barrel as supply concerns, OPEC+ policy uncertainty, and a weaker...
OPEC lowers 2024 global oil demand growth forecast by 106,000 b/d
OPEC has revised its 2024 global oil demand growth forecast down by 106,000 barrels per day, citing weaker-than-expected...
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country’s ambitious plan to...
Gold continues upward climb, scaling one-year high racing past $2,000 an ounce
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened....
Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per...
Oil producers from OPEC and non-OPEC sign historic declaration
Ten non-OPEC oil-producing countries and OPEC Member Countries signed the Declaration of Cooperation (DoC) on 10 December 2022....
UAE plays a crucial role in securing global energy supplies – OPEC
As one of the world’s largest oil producers, and considering future directions to increase energy productivity, Haitham Al...