With prices stagnating despite production cuts, OPEC+ is facing internal and external challenges, calling into question its historic influence on the oil market.
With prices stagnating despite production cuts, OPEC+ is facing internal and external challenges, calling into question its historic influence on the oil market.
Russian President Vladimir Putin visits the Middle East to consolidate the OPEC+ alliance with Saudi Arabia and the United Arab Emirates, against a backdrop of US sanctions and regional security concerns.
Russian President Vladimir Putin visits the Middle East to consolidate the OPEC+ alliance with Saudi Arabia and the United Arab Emirates, against a backdrop of US sanctions and regional security concerns.
Saudi Arabia has pledged $50 billion to support climate adaptation in Africa, contrasting with what it considers insufficient contributions from developed countries to the compensation fund for loss and damage caused by climate change.
Saudi Arabia has pledged $50 billion to support climate adaptation in Africa, contrasting with what it considers insufficient contributions from developed countries to the compensation fund for loss and damage caused by climate change.
At COP28, small island nations, the first victims of climate change, are leading a crucial battle to limit warming to 1.5°C and move away from fossil fuels.
At COP28, small island nations, the first victims of climate change, are leading a crucial battle to limit warming to 1.5°C and move away from fossil fuels.
Brazilian President Lula announced Brazil's membership of OPEC+ at COP28 in Dubai, marking a strategic turning point for the country in preparing for the world's fossil fuel-free energy transition. This decision, while attracting criticism, reflects the complexities of today's energy and climate diplomacy.
Brazilian President Lula announced Brazil's membership of OPEC+ at COP28 in Dubai, marking a strategic turning point for the country in preparing for the world's fossil fuel-free energy transition. This decision, while attracting criticism, reflects the complexities of today's energy and climate diplomacy.
At COP28, 50 oil companies, including giants such as Aramco and Adnoc, pledged to decarbonize their production operations by 2050. This commitment is limited, however, as it excludes emissions linked to the use of the products sold.
At COP28, 50 oil companies, including giants such as Aramco and Adnoc, pledged to decarbonize their production operations by 2050. This commitment is limited, however, as it excludes emissions linked to the use of the products sold.
Despite recent OPEC+ production cuts, Middle Eastern suppliers continue to ensure a stable supply of crude oil to their Asian customers, preserving long-standing commercial relationships.
Despite recent OPEC+ production cuts, Middle Eastern suppliers continue to ensure a stable supply of crude oil to their Asian customers, preserving long-standing commercial relationships.
