Yemen has turned into a quiet scorecard for two Gulf projects. Saudi Arabia intervened to defeat the Houthis, rescue a ...
DAMASCUS] Syria’s state-owned oil and gas company, Syrian Petroleum Company (SPC), has signed strategic agreements with four ...
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...
Oman's state energy group OQ is in talks with new potential partners for its planned petrochemical complex in Duqm after Saudi Arabia's SABIC withdrew, said OQ CEO Ashraf Al Mamari.
OPEC+, according to a Rabobank International note, will respond to lower prices through supply cuts or through the refined ...
Nigeria’s crude oil production rose marginally to 1.436 million barrels per day (mbpd) in November, which was an increase of ...
Arabian Gulf Business Insight on MSN

OPEC fund allocates $600m for development projects

The Opec Fund for International Development (Opec Fund) has approved $600 million to support 15 new development projects across Africa, Asia, the Pacific, Latin America and the Caribbean. The ...
In November, the eight OPEC+ countries were supposed to increase oil production by 101,000 bpd compared with October, taking into account their obligations to compensate for overproduction, to reach ...
LONDON, Dec 11 (Reuters) - World ‌oil ​supply will match ‌demand closely in 2026, OPEC data published on ​Thursday indicated, ...
MOSCOW, December 11. /TASS/. Oil production by OPEC+ countries participating in the output reduction agreement fell by 290,000 barrels per day (bpd) in November 2025, though they were 140,000 bpd ...
Key Opec+ nations agreed to pause further output increases during the first quarter after rapidly ramping up production ...
The companies will explore capital investments to upgrade and diversify production, including high-quality distillates that ...