BRICS Controls 80% of Global Oil Production
In a startling turn of events that has left the West in a state of disquiet, the recently concluded BRICS ...
Tag: Oil
Oil & Gas Exploration Vessel Arrives in Lebanon
An oil and gas exploration ship arrived Wednesday at its designated point in Lebanese territorial waters. Ali Hamiya, the Minister ...
World Oil Prices Decline
Oil prices fell on Monday following a prolonged uptrend, though they managed to recover part of their losses which exceeded ...
OPEC+ Praises Saudi Arabia’s Stabilising Role in Oil Markets
In a meeting overseen by the Energy Minister, OPEC Plus expressed appreciation for Saudi Arabia's efforts to stabilize oil markets. ...
Saudi Arabia Extends Voluntary Oil Production Cut
Saudi Arabia announced on Thursday that it will extend its voluntary cut in oil production, which amounts to one million ...
Saudi Arabia & Russia to Reduce Oil Supplies in August
On Monday, Saudi Arabia and Russia announced that they will voluntarily reduce their oil supplies in August, as the global ...
US Calls on Libyan Leaders to Distribute Oil Revenues “Fairly”
The United States has urged all Libyan leaders to develop a comprehensive mechanism to control oil revenues as a constructive ...
Oil Prices Rise Amid Concerns over Interest Rate Hikes
Oil prices rebounded on Wednesday as US crude stocks declined, alleviating concerns sparked by the possibility of further interest rate ...
1000 Oil Barrels Leak in Venezuela on a Daily Basis
Companies in Venezuela, such as "Azul Ambientalistas," have condemned the daily leakage of over 1,000 barrels of crude oil in ...
Erdogan & Barzani Meet in Ankara As Talks over Kurdish Oil Continue
On Tuesday, Turkish President Recep Tayyip Erdogan received Prime Minister of Kurdistan Region Masrour Barzani in Ankara amidst the ongoing ...
