Electric vehicle growth could see oil demand peak by 2030 – Fitch
Electric Vehicle (EV) adoption is an increasing threat to oil demand, which could plausibly peak before 2030, Fitch Ratings says ...
Monday, April 6, 2026
Tag: OPEC
UAE desires ‘forever’ OPEC alliance with Russia to avoid future oil gluts, shortages
United Arab Emirates Energy, OPEC’s fourth-largest oil producer, is leading an effort to prolong cooperation with Russia and other allies ...
Oil trades mixed as OPEC’s Barkindo sees global demand grow 1.6m bpd in 2018
(L-R) Maikanti Baru, GMD NNPC group; Mohammed Sanusi Barkindo, OPEC Secretary General; Boss Gida Mustapha, Secretary to the Government Federation ...
OPEC, allies’ oil cut deal may hurt Russian economy, says Bank of Russia
Bank of Russia has said the Russian economy in 2018 may feel a negative impact of the global deal on ...
Firm demand seen offsetting stronger dollar impact on oil prices
OPEC has said expectations of firm demand based on stronger economic growth forecasts may sustain higher oil prices in 2018 ...
OPEC targets longer non-member alliance partnership in 2018- UAE energy minister
Oil cartel, Organization of the Petroleum Exporting Countries (OPEC), aims to agree on a longer-term partnership with non-member producers by the ...
Crude oil prices continue to rise on Saudi commitment to curtail output
Crude oil prices continued to rise on Thursday, still supported by news in the previous session of a lower than ...
Russia’s RDIF says to finalise Eurasia drilling deal with Aramco
The Russian Direct Investment Fund (RDIF) on Wednesday said it expected to finalise a deal with Saudi Arabia’s Aramco to ...
Iraq needs $4bn for new downstream oil investments, as OPEC supply cut deal to wait until December
Jabar al-Luaibi, Iraqi oil minister Jabar al-Luaibi, Iraqi oil minister said on Tuesday that the country needs $4 billion for ...
Oil trades near $59 as IEA says 2018 will be year of higher demand
West Texas Intermediate crude oil steadied near $59 a barrel as the International Energy Agency warned that rising U.S. supply may ...
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