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Don’t roll out the barrels: Oil prices fall in view of slow recovery

Oil prices were down on April 24 as traders believe economic recovery will be slower than expected hurting global oil demand. A decision by...

Fearing recovery setback, OPEC+ sticks to plans to raise oil output gradually

The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so called OPEC+, dismissed demands from the United States...

Revised OPEC+ deal very favourable for Russia

As the global economy recovers from the Covid pandemic fueling oil prices, OPEC+ countries, including Saudi Arabia and Russia, reached a deal via videoconference...

Saudi ACWA Power to build largest single-site wind farm in Central Asia

In the presence of Saudi Energy Minister Abdulaziz bin Salman and Uzbekistan’s Deputy Prime Minister and Investments and Foreign Trade Minister Sardor Umurzakov, ACWA...

OPEC+ meets as Saudis keep finger on the pumps, Russia wants gradual output increase

The Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, convened for talks chaired by Saudi Energy Minister Abdulaziz...

Saudi Arabia, Russia coordinate policy as OPEC+ leaves oil output unchanged

The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so-called OPEC+, met by videoconference on March 4...

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