In a statement, the UAE Ministry of Foreign Affairs and International Cooperation expressed support of the UAE for the Saudi Foreign Ministry statement on a review of the oil situations and production cuts, noting that the OPEC+ decision was vote-based collective.
In a statement, the UAE Ministry of Foreign Affairs and International Cooperation expressed support of the UAE for the Saudi Foreign Ministry statement on a review of the oil situations and production cuts, noting that the OPEC+ decision was vote-based collective.
RIYADH: Algerian Energy Minister Mohamed Arkab has hailed the decision of the Organization of Petroleum Exporting Countries, and its allies, known as OPEC+, to slash output by 2 million barrels per day. Calling the move “historic,” Arkab noted that the decision was taken to stabilize the global oil market, Ennahar TV reported. According to the report, both Arkab and OPEC
Algeria: Algerian Energy Minister Mohamed Arkab will participate in Moscow International Energy Week, which is scheduled to take place from . | News Track
RIYADH: The price of Arab Light grade for next month’s shipments to Asia is $9.80 a barrel, a 50 cents rise from August, according to a Bloomberg report. The rise followed the OPEC meeting, which agreed to a further 100,000 barrels per day oil production hike from September. Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears,