OPEC+ meeting, a critical factor in shaping volatile oil prices

Policy-setting gathering moved from November 26 to November 30

Concerns over weak demand spark a decline in oil prices

Reversing Monday’s increase and outweighing potential additional supply cuts

Prices of oil futures increase amid potential deeper supply cuts

OPEC+ has been reducing oil production by 5.16 million barrels per day

New natural gas discoveries unveiled in Saudi 

Al-Hiran gas field confirmed with 30 million cubic feet daily flow

ACWA Power signs $3.9 billion power purchase contracts

Agreement’s financial rewards expected to materialize after the first half of 2027

OPEC’s boosted global demand forecasts dampen concerns, fuel oil price surge

The report comes ahead of the scheduled meeting of OPEC+ on Nov. 26

Diminishing demand from US, China prompts oil price decrease

Prices of Brent and WTI crude futures both saw declines

Al Masaood Group Industrial expands portfolio

New engineering products and manufacturing services introduced at ADIPEC

ACWA Power achieves financial closure for ten $14 bn projects

Including renewable energy, desalination and green hydrogen

OPEC forecasts global oil demand to reach 116 mn bpd by 2045

Massive investment of $14 trn needed to meet demand surge

DEWA, ACWA Power sign $914 mn deal for desalination plant

Project aims to enhance DEWA's water desalination capacity to 730 MIGD by 2030

Key energy figures in the region call for partnerships and collaborations

UAE: OPEC+ eager to achieve stability, balance in the energy sector

Al Mazrouei's speech at ADIPEC 2023 highlighted need for oil and gas investment

Oil prices soar by 3 percent amid declining U.S. crude stocks

Analysts project oil to break the $100 barrier

ADIPEC: Future-proofing the world’s energy ecosystem

Putting the spotlight on ‘Decarbonizing. Faster. Together

Saudi launches 5.9 GHz band for intelligent transport systems

V2X tech will help raise road safety awareness, provide guidance data

OPEC+ cuts to tighten oil market in Q4 2023: IEA

Bank of America predicts $100+ per barrel by year-end

Saudi Aramco’s profits decline in Q2 2023

Q2 net income amounted to SAR112.81 bn