Organization of the Petroleum Exporting Countries

COP27: Kuwait aims to become carbon-free in oil and gas by 2030

November 8, 2022 by Muzzammil Mehboob

Kuwait is committed to becoming carbon neutral in the oil and gas sector by 2050 and the entire country a decade later. Foreign Minister Salem al-Sabah made the pledge at the COP27 climate summit in Egypt. The country’s crown prince also affirmed commitment to regional and international environmental initiatives. Foreign Minister Salem al-Sabah told the … Read more

Oil down $2/barrel after Opec+ sticks to planned output rise

December 3, 2021 by Muhammad Zubair

US and Brent Crude oil dropped $2/barrel after sources claimed Opec+ has decided to stick to its planned January output rise of 400,000/day, Reuters reported. At a meeting held via videoconference on Thursday, the Organization of the Petroleum Exporting Countries and its allies, known as Opec+, resisted US requests for speedier increases in oil output to support … Read more

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