OPEC Secretary General Haitham Al Ghais said on Thursday the International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth.
Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and oil production cuts take a toll on revenues, a Reuters poll found.
OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained from industry sources show, and the major producers' share could shrink further this year.
Poland this month presented a proposal for a new set of sanctions against Russia for waging war against Ukraine, according to a document seen by Reuters on Tuesday, including a ban on pipeline oil and diamond imports.