OPEC

Egypt, UAE and Bahrain comment on Saudi Arabia’s position on OPEC+ decision
Egypt

Egypt, UAE and Bahrain comment on Saudi Arabia’s position on OPEC+ decision

Egypt, UAE and Bahrain on Monday expressed their “full support and solidarity” with Saudi Arabia, and their categorical rejection of…
As the US-Saudi oil spat intensifies, what are Biden’s options?
Middle East

As the US-Saudi oil spat intensifies, what are Biden’s options?

Abu Dhabi CNN  —  The Saudi-American relationship appears to have hit rock bottom. After a move by the Saudi-led OPEC+…
Egypt to register economic growth of 4.8% in 2023: World Bank
Business

Egypt to register economic growth of 4.8% in 2023: World Bank

The World Bank stated that Egypt will have a positive economic growth rate in 2023 of 4.8 percent, TV host…
Why Saudi Arabia defied the US over OPEC oil supply cut
Middle East

Why Saudi Arabia defied the US over OPEC oil supply cut

Abu Dhabi CNN  —  Saudi Arabia’s energy minister once famously said that the kingdom “derives pleasure from keeping everyone on…
Why OPEC may not have the answer to high oil prices
Middle East

Why OPEC may not have the answer to high oil prices

Abu Dhabi, UAE (CNN) – Oil-consuming nations wait with bated breath as the OPEC cartel meets once again this week…
Oil rally to continue in 2022 as demand outstrips supply, analysts say
Middle East

Oil rally to continue in 2022 as demand outstrips supply, analysts say

LONDON, Jan 12 (Reuters) – Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts…
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
Middle East

Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022

CAIRO, July 26 (Reuters) – The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow…
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
Middle East

OPEC+ agrees oil supply boost after UAE wins argument with Saudi

MOSCOW/DUBAI/LONDON, July 18 (Reuters) – OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which…
Saudi, UAE reach compromise to unlock more oil supply, says source
Middle East

Saudi, UAE reach compromise to unlock more oil supply, says source

DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an…
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