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OPEC+ plans to maintain its current policy despite lower oil prices, threatening the plan to reduce production cuts in the fourth quarter.
OPEC+ plans to maintain its current policy despite lower oil prices, threatening the plan to reduce production cuts in the fourth quarter.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
Alexander Novak, Russia's Deputy Prime Minister, says Russia is meeting its OPEC+ commitments despite minor production overruns in June.
Alexander Novak, Russia's Deputy Prime Minister, says Russia is meeting its OPEC+ commitments despite minor production overruns in June.
Saudi Arabia's Minister of Industry and Mineral Resources visits Brazil and Chile to boost investment in lithium, key to the Kingdom's economic diversification.
Saudi Arabia's Minister of Industry and Mineral Resources visits Brazil and Chile to boost investment in lithium, key to the Kingdom's economic diversification.
Azerbaijan, chairing COP29, calls on fossil fuel producers to finance a new fund for energy transition and climate adaptation.
Azerbaijan, chairing COP29, calls on fossil fuel producers to finance a new fund for energy transition and climate adaptation.
The port of Hodeidah in Yemen is in flames after Israeli strikes in retaliation for a Houthi drone attack on Tel Aviv, exacerbating regional tensions and threatening the flow of goods.
The port of Hodeidah in Yemen is in flames after Israeli strikes in retaliation for a Houthi drone attack on Tel Aviv, exacerbating regional tensions and threatening the flow of goods.
Saudi Arabia and Russia reaffirm their commitment to the OPEC+ agreement to stabilize the oil market, despite geopolitical challenges and Western sanctions.
Saudi Arabia and Russia reaffirm their commitment to the OPEC+ agreement to stabilize the oil market, despite geopolitical challenges and Western sanctions.
The United Arab Emirates is exploring the possibility of building a new nuclear power plant to meet growing electricity demand, with a potential tender this year.
The United Arab Emirates is exploring the possibility of building a new nuclear power plant to meet growing electricity demand, with a potential tender this year.
PIF signs three agreements to locate production of solar and wind power equipment in Saudi Arabia, in partnership with Chinese companies.
PIF signs three agreements to locate production of solar and wind power equipment in Saudi Arabia, in partnership with Chinese companies.
BlackRock-led investors in Aramco's pipeline network are preparing to issue bonds to refinance a $13.4 billion loan.
BlackRock-led investors in Aramco's pipeline network are preparing to issue bonds to refinance a $13.4 billion loan.

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