The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC), has been held via teleconference on Tuesday under the Chairmanship of Saudi Arabia’s Minister of Energy HRH Prince Abdul Aziz bin Salman and Deputy Prime Minister of the Russian Federation, Co-Chair HE Alexander Novak. According to the …

Saudi Arabia expects to benefit from future drop in oil supply from major producers such as the US and Russia and pump more crude to cater to global demand as it mulls more sales in Saudi Aramco shares to foreign investors, the country’s crown prince said April 27. “There is …

The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC) took place via teleconference on Tuesday, 27 April 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation. The …

The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday. The Joint Technical Committee, or JTC, is responsible for assessing oil market fundaments. It is also tasked with monitoring which member countries are complying with the production …

A Qatari company hopes to use the country’s abundant gas reserves to make protein for fish food and other animal feeds. Gulf Biotech, the Doha-based industrial biotech investor, and Unibio have signed a license agreement to produce sustainable and organic protein in Qatar. “The abundance of natural gas in Qatar …

The meeting of the OPEC+ monitoring committee and the ministerial meeting of the alliance countries will take place on April 27 – a day earlier than previously planned, according to the OPEC agenda. The information was confirmed by a TASS source. The meeting of the monitoring committee is scheduled for …

Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports, citing the Kingdom’s Finance Minister. “Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi …

OPEC and its allies projected a strong recovery in global oil demand this year, but the outlook was clouded by a raging virus outbreak in India just days before the group’s next meeting. A committee of technical experts from the group forecast that world oil consumption will rebound by 6 …

China Three Gorges Renewables Group Co. is set for an initial public offering that could be the biggest in the country this year after securing regulatory approval. The unit of China Three Gorges Corp. plans to sell up to 8.57 billion shares in Shanghai, it said in a prospectus filed …

As far as Germany is concerned, the Nord Stream 2 gas pipeline under construction makes sense in terms of energy security and it is unrealistic to view it as a lever of influence on Russia, German Foreign Minister Heiko Maas says in an interview posted Monday on the German news …