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A service for global professionals · Monday, April 12, 2021 · 538,453,802 Articles · 3+ Million Readers
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United Arab Emirates OPEC Newswire

  • Published on Apr 11, 2021

    OPEC Fast Facts

    Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in …

    Source: KIFI Local News 8 - Idaho - Uncategorized
  • Published on Apr 11, 2021

    Transcript of April 2021 Middle East and Central Asia Department Press Briefing

    April 11, 2021   SPEAKERS: JIHAD AZOUR Director, Middle East and Central Asia Department TALINE KORANCHELIAN Deputy Director in the Middle East and Central Asia Department WAFA AMR Senior Communications Officer, Communications Department   MS. AMR: Welcome …

    Distribution channels: Banking, Finance & Investment Industry
  • Published on Apr 9, 2021

    As India's Oil Demand Grows, It's Now Looking Beyond OPEC+ For Reliable Supply

    In February, I highlighted the role that India will play in global oil demand in the coming years as its economy grows and oil consumption increases. In 2019, India was the third-largest consumer of oil and petroleum products, after the United States and …

    Source: Investing.com - Neutral
  • Published on Apr 9, 2021

    Brent/Dubai spread an indicator to watch amid shifting crude oil flows

    Middle East crude oil has been a mainstay of the Asian refining sector for many decades. More recently, regional producers have benefited from the demand surge in the fast-growing economies of China and India. But in a market that is increasingly globally …

    Source: Investing.com - Neutral
  • Published on Apr 11, 2021

    IMF: Vaccine inequity threatens Mideast's economic recovery

    DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund …

    Source: Huron Daily Tribune - Michigan - Neutral
  • Published on Apr 8, 2021

    UAE role model in peaceful use of nuclear energy

    The UAE has started commercial use of nuclear energy which means millions of households in the country could be lit up by power generated from its nuclear reactors. It is a milestone that will go down in history for several reasons. >>> ALSO READ: …

    Source: Khaleej Times - Uncategorized
  • Published on Apr 7, 2021

    What Caused The Saudi-India Oil Rift?

    A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on demand. The match only recently garnered attention as the players dropped all pretense that they were not playing. …

    Source: Investing.com - Neutral
  • Published on Apr 7, 2021

    Oil product inventories at Port of Fujairah climb to 5-week high

    Oil product inventories at the UAE’s Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers. Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week …

    Source: Khaleej Times - Uncategorized
  • Published on Apr 7, 2021

    UAE begins commercial operations of first Arab nuclear plant

    The United Arab Emirates announced Tuesday that its Barakah nuclear power plant has started commercial operations, in a first for the Arab world. "The UAE has entered a landmark phase today," tweeted Sheikh Mohammed bin Rashid Al-Maktoum, the UAE …

    Source: Phys.org - Neutral
  • Published on Apr 7, 2021

    First nuclear power plant begins operations in UAE

    (ANSAmed) - BEIRUT, 06 APR - The United Arab Emirates announced Tuesday that the first nuclear power plant built in an Arab country will begin providing electricity on a national scale. "The Emirates took a historic step today," tweeted Emirati …

    Source: ANSAmed - Uncategorized
  • Published on Apr 5, 2021

    Saudi Arabia Angers Asian Buyers As It Hikes Oil Prices

    Saudi Arabia has hiked its crude oil prices for Asian buyers by $0.40 per barrel and cut those for European and U.S. buyers by $0.20 and $0.10 per barrel, respectively, Reuters has reported, noting the increase is for May cargos, from the prices for April …

    Source: Investing.com - Neutral
  • Published on Apr 4, 2021

    OPEC Welcomes Saudi Green Initiatives

    OPEC announced that it has welcomed two new initiatives by the Kingdom of Saudi Arabia that aim to reduce emissions and the region’s environmental footprint. Mohammad Sanusi Barkindo, the OPEC secretary general, noted that the ‘Saudi Green Initiative’ and …

    Source: Rigzone - Neutral
  • Published on Apr 5, 2021

    OPEC+ panel lowers oil demand growth forecast by 300,000 barrels per day

    By Rania El Gamal, Ahmad Ghaddar and Olesya Astakhova DUBAI/LONDON/MOSCOW (Reuters) - OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market's recovery as new coronavirus lockdowns …

    Source: Business Standard - Neutral
  • Published on Mar 28, 2021

    Suez Canal crisis: 'UAE's oil exports won't be...

    The UAE’s oil exports won't be impacted by the closure of Suez Canal as most of the crude is now exported to Asian countries, says analyst. The UAE can also channel its oil exports through the Sumed pipeline if the ongoing crisis prolongs. Also read: …

    Source: Khaleej Times - Uncategorized
  • Published on Apr 2, 2021

    Analysis – Power play: India wields oil ‘weapon’ to cut dependence on Saudi

    India’s Oil Minister Dharmendra Pradhan speaks at a road show organised by the Directorate General of Hydrocarbon (DGH) in Mumbai, India, October 26, 2017. REUTERS/Shailesh Andrade/File PhotoNEW DELHI (Reuters) – When India’s government last month …

    Source: News India Times - Uncategorized
  • Published on Apr 2, 2021

    Saudis keep control of the oil market despite a production increase.

    For months, Saudi Arabia’s oil minister, Prince Abdulaziz bin Salman, arguably the most powerful individual in the oil business, has urged his fellow producers to keep a tight rein on output, fearing additional crude could flood the world’s markets and …

    Source: The New York Times - Neutral
  • Published on Apr 2, 2021

    OPEC and Its Allies Agree toGradual Increases in Oil Production

    OPEC and its allies, including Russia, announced on Thursday they would gradually increase oil production over the next three months. In agreeing to modest output increases, Saudi Arabia appears to have yielded to pressure from Russia and other producers …

    Source: The New York Times - Neutral
  • Published on Apr 1, 2021

    Opec+ agrees to ease oil production cuts from May, after US call to Saudi Arabia

    LONDON/DUBAI/MOSCOW: Opec+ agreed on Thursday to gradually ease its oil output cuts from May, after the new S administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump's practice of calling Opec's leader over …

    Source: The Sun Daily - Neutral
  • Published on Apr 1, 2021

    OPEC+ agrees oil output rise from May, sources say, after US calls Saudi

    LONDON/DUBAI/MOSCOW: OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, sources said, after the new US administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump's practice of calling OPEC' …

    Source: Economic Times - Uncategorized
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