It’s done ! it’s done! the oil company Assala Gabon, a subsidiary of the Assala energy group, has just been officially purchased by the Gabonese State which announced on December 31 its pre-emptive rights in the sale of the company for which the French company Maurel & Prom had launched a serious option purchase worth … Read more
2023-12-01 18:15:47 Dammam: Saudi Arabia’s reduction in daily oil production will continue in the first quarter of next year, the Saudi Ministry of Energy said. The reduction in daily production, which has been implemented since April this year, will continue in the coming months. The ministry also said that the decision will be reviewed if … Read more
2023-10-06 03:57:20 Yambu: Saudi Arabia’s oil production increased by 10 lakhs per day The decision to cut more barrels will continue until the end of this year. The Ministry of Energy has made it clear. To increase the price of energy to create demand in the market, it will start in July. This additional cutting … Read more
Dr. Ashraf Ghorab, an economist and vice-president of the Arab Union for Social Development in the Arab Labor System of the League of Arab States, revealed the reasons for the decision by OPEC Plus producers to reduce its daily production by 1.66 million barrels, which will start from next May until the end of this … Read more
RIYADH: Energy Minister Amir Abdulaziz bin Salman, who is also the Saudi head of the Joint Saudi-Russian Intergovernmental Committee on Trade, Economic, Scientific and Technological Cooperation, and Russian Deputy Prime Minister at a high-level meeting in Riyadh to stick to the OPEC Plus decision to cut oil production until the end of this year. The … Read more
Last month, OPEC expected growth in global oil demand as a result of easing Chinese restrictions on the zero Covid policy, so that the energy sector would witness an increase in production, in line with the increase in demand, supported by Nigerian supplies. OPEC oil production increased for most of 2022, as global demand levels … Read more
Production of the 19 OPEC members bound by quotas under the oil agreement is down by 50,000 barrels per day — to 38.33 million bpd last month, leaving an estimated 1.77 million bpd gap between alliance supply and its official targets. OPEC production fell by 1.77 million barrels per day below the agreement level A … Read more
OPEC raises its expectations for the growth of liquid hydrocarbon production in Russia in 2022 by 26,000 barrels per day, to reach 160,000 barrels per day. OPEC raises its forecast for oil production in Russia for the year 2022 Today, Tuesday, OPEC raised its expectations for the growth of liquid hydrocarbon production (oil and condensate) … Read more