Energy
OPEC International Seminar begins amid widespread anticipation
Al Mazrouei emphasizes the importance of the "central role" of OPEC and OPEC+ in market stability
Prices initially rose on Monday following the announcement of supply cuts
Egypt’s petrochemical exports jumped 23 percent in 2022
Supporting the stability and balance of oil markets.
Rystad Energy expects LNG imports to rise to 138 million tons in 2033
Strong demand growth of over 2 mn barrels per day expected this year
Complex will house the largest mixed-load steam cracker in the GCC
3 Qatari companies and Iraq’s National Investment Commission agree
Enhances security of GCC electrical networks, raises reliability
75% of the total contract value flow back into the UAE economy
OPEC+ extends production cuts to stabilize market
Saudi announces additional reduction of 1 million barrels per day
Tanker data show Russia not committed to production cut plans
Balancing climate targets, regional expansion, with sustainable fuel mandates
Rebranded company to focus on renewables and enterprise value
Supply and demand imbalances create uncertainty in oil markets
Projects include national strategies for carbon reduction and solar regulation
Oil prices rose on Wednesday following lower nventory data
Asian country also planning to link its power grid with UAE, Saudi
