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Baghdad: Iraq to offer investment opportunities in oil refineries

12-Jan-2023 Asia

Iraqi Minister of Oil Hayan Abdul Ghani said that investment opportunities would soon be offered to increase the output capacities of some domestic refineries."Within the ministry's plans to increase refining capacities in Iraq, investment opportunities will include the Amarah refinery...

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OPEC, allies may consider 1 Million bpd cut in oil production

04-Oct-2022 Business News

OPEC and its allies, including Russia, will reportedly consider cutting output by more than 1 million barrels per day...

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Vienna: 1st in-person ministerial meeting since 2020 to be held

02-Oct-2022 Europe

According to a statement released by the organisation, the ministerial level meeting of OPEC+ oil cartel will take place on October 5 in Vienna to...

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OPEC lowers forecasts for global economy and oil demand in 2022

12-Aug-2022 Economy

OPEC has also revised down its forecasts for Global oil demand to about 100 million barrels per day, from the previous...

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To suggest the oil market is confused would be an understatement: analyst

11-Mar-2022 Business News

Oil prices rose on Thursday amid confusion over whether major producers would help to plug a gap in supplies from Russia, BBC...

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Oil prices rise as traders await OPEC+ meeting

02-Nov-2021 Economy

Oil prices advanced on Monday as traders are awaiting the Organization of the Petroleum Exporting Countries, and its allies,...

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Petrol, diesel rates raised again by 35 paise/ltr

27-Oct-2021 Economy

Petrol and diesel prices increased again on Wednesday as global oil prices failed to relent and continued to remain...

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