Archives des OPEC - Ecomnews Med

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Saudi Arabia and United Arab Emirates reach compromise on OPEC + oil supply deal

Before the crisis, the UAE invested heavily in improving its productive capacities, but quotas prevent it from fully exploiting these capacities. By blocking the OPEC + deal, the UAE was hoping for a relaxation of its reduction quota.

Friday 16 July 2021
OPEC and its allies remain confident that global demand for oil will remain strong

While more than a billion doses of the Covid-19 vaccine have been administered worldwide, variants are gaining ground and this threatens economic recovery. But OPEC, which controls a third of global supply, remains optimistic about this situation.

Thursday 29 April 2021
Oil: OPEC expects strong recovery in demand after coronavirus pandemic

For more than six years, the prices of a barrel of crude have entered a phase of slump which has notably weakened the revenues of producing countries and affected the finances of companies in the sector.

Monday 8 March 2021