OPEC+
Suggesting potential for even greater growth
Commitment to sustainability and global oil market stability takes center stage
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
UAE's non-oil sector witnessed strong growth in 2023
OPEC maintains 2.25 mn bpd demand growth forecast
Red Sea tensions add to shipping costs but energy flows unaffected
December PMI data reveals robust growth driven by output and new orders
Brent crude futures increased by 0.64 percent to $79.92 per barrel
Crude prices face headwinds as market focus shifts to slow demand and trade disruptions
OPEC+ has been reducing oil production by 5.16 million barrels per day
The report comes ahead of the scheduled meeting of OPEC+ on Nov. 26
Prices of Brent and WTI crude futures both saw declines
Massive investment of $14 trn needed to meet demand surge
Market analysis planned as Russia considers oil production assessment
Al Mazrouei's speech at ADIPEC 2023 highlighted need for oil and gas investment
