UAE, Kazakhstan, Iraq, Malaysia pledge full compliance with OPEC output cuts
The United Arab Emirates (UAE), Iraq, Kazakhstan and Malaysia Tuesday pledged full support for the existing monitoring mechanism to fully ...
Thursday, June 25, 2026
Tag: Oil & gas
Saudi Arabia cuts September oil sales to prized Asia market
Saudi Arabia is said to have cut crude sales for next month to some buyers in the world’s biggest oil ...
Nigeria recovery in oil production will lead sub-Saharan Africa growth in 2017 – report
Despite plunging into recession for the first time in a quarter of a century due to weakened oil prices, a ...
Oil futures edge down as investors await outcome of OPEC’s output review meeting
As representatives from OPEC and non-member nations are currently gathered in Abu Dhabi to discuss poor conformity levels on their ...
Global energy investment declines 12% in 2016 as power sector leapfrogs oil and gas
Global energy investment fell by 12 percent to $1.7 trillion in 2016, representing 2.2 percent of the world gross domestic ...
Saudi’s Prince Alwaleed to invest $800 million in Egypt
Saudi Arabia’s billionaire, Prince Alwaleed bin Talal, will invest about 800 million dollars to expand the Four-Seasons-resort in Sharm el-Sheikh, in ...
Libya’s largest oil field halts output after workers’ protest
Libya’s biggest oil field stopped pumping after a workers’ protest, according to a person familiar with the situation, a sign ...
Forte Oil in talks on refinery deal to boost capacity
Akin Akinfemiwa, Chief Executive of Nigeria's Forte Oil, Friday, said the company is in talks with a major refinery to form a ...
The oil trader known as ‘God’ is closing down his main hedge fund
Andy Hall, the oil trader sometimes known in markets as “God,” is closing down his main hedge fund after big ...
OPEC hopeful of near term rebalance, stability in oil market, prices
The organisation of Petroleum Exporting Countries (OPEC) is optimistic of near stability in the oil market. Mohammad Sanusi Barkindo, secretary-general ...
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