The OPEC Fund for International Development is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries. Read More
Transportation fuel demand shows signs of improving to pre-pandemic levels from FY23 as visible from petroleum product sales for the OMCs (oil marketing companies) which increased between 8 per cent -11 per cent during the nine months ended December ...
In one of his Umrah (Islamic pilgrimage) trips to Mecca years ago, Sheikh Zayed Al-Nahyan, founding father of the United Arab Emirates, described the relationship between his country and Saudi Arabia in this way: "The UAE is with Saudi Arabia through ...
The Ministry of Energy and Infrastructure has affirmed that the UAE remains fully committed to the Declaration of Cooperation (OPEC+) and reiterates that any decisions will be taken collectively by the OPEC+ group in its next Ministerial meeting. ...
Former US President Donald Trump on Tuesday slammed President Joe Biden's decision to release barrels of oil from the country's strategic reserves and warned that Washington would now be at the mercy of OPEC. ...
