Oil
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Market concerns rise as major producers hold output policy steady
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
The attacks caused potential disruptions to oil capacity, estimated at 900k bpd
Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"
The country is taking steps to align fuel prices with international markets
Declining gasoline supply in the U.S. indicates potential slowdown in crude demand
The expectation of limited supplies continued to support crude prices
