Picture used for illustrative purposes.
Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said
The representatives of the thirteen members of the Opec led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.
Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of Opec ministers and their allies about the future of supply cuts.
Featuring a rich exhibition programme that covers energy-related technology, innovation, collaboration, and digitalisation, ADIPEC 2023 is expected to attract over 160,000 attendees from 164 countries for its biggest edition ever.
IBMC, the UAE-based financial services consultancy and eMarket Place Trade Flow Service Providers, has launched an innovative Integrated International Trade-Flow System,
The UAE’s aviation sector registered a record growth in terms of air traffic and passenger numbers through the country’s airports.