OPEC+ reaffirms production plan based on healthy market trends
OPEC+ to raise oil output by 411,000 bpd in May as market outlook strengthens, maintaining flexible adjustment plans....
Tag : Oil Production
Saudi Arabia’s non-oil activity rises 4.9%, driven by finance and insurance
Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence....
U.S. crude jumps 3% on Libya halt, tensions
U.S. crude oil prices increased by 3% due to a production stop in Libya and ongoing Middle East tensions....
UAE set for strong economic growth in 2024, World Bank predicts
UAE's GDP set to surge by 3.9% in 2024, driven by oil hike and robust non-oil sectors, per World Bank....
India boosts oil output with new ONGC project in Bay of Bengal
In a major development for India's energy sector, ONGC has commenced oil production from the Krishna Godavari basin in the Bay of Bengal....