Organization of Petroleum Exporting Countries

IEA sees ‘more comfortable’ year for oil market in 2022

December 14, 2021 by Muhammad Zubair

PARIS: The Omicron coronavirus variant will slow the recovery in the global demand for oil but the market will be “more comfortable” in 2022, the International Energy Agency (IEA) said on Tuesday. The oil market “appears to stand on a better footing than it has for some time,” the IEA wrote in its latest monthly … Read more

Top oil producers stick with modest output boost despite pressure

November 4, 2021 by Roman Ahmed

LONDON- Major oil producers on Thursday agreed to continue raising output moderately despite pressure from the United States and other big consumer nations to open up the taps much more decisively amid soaring prices. The 13 members of the Organization of Petroleum Exporting Countries and their 10 allies said in a statement that they reconfirmed “the … Read more

Menu

Latest

Entertainment

Lifestyle