Oil
Strategic agreement signals new era of economic cooperation
China emerges as primary merchandise trading partner
Growth driven by strong demand for transmission and distribution services
OPEC bullish on oil demand in contrast to more bearish IEA forecast
Region expected to grow by less than 3 percent in 2024
Brent and WTI futures slipped by 0.5 percent
Suggesting potential for even greater growth
Dispensing oil for other energy sources is unrealistic, says OPEC secretary general.
Brent and WTI futures increased by 0.1 percent
Commitment to sustainability and global oil market stability takes center stage
Development in Middle East situation reflect on volatility of prices
Shipping and energy supply disruption are currently the most threatening factors to the global economy
Production to surpass record high in 2025, EIA reports
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP
Kingdom's economy achieved a growth rate of 8.7 percent in 2022
But set for monthly gain since September
Upon receiving a directive from the ministry of energy
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Supply concerns in U.S. and Russia fueled a surge on Monday
OPEC maintains 2.25 mn bpd demand growth forecast
