The Latest Breaking News from OPEC

Rishi Sunak did not raise Jamal Khashoggi’s murder in meeting with Saudi crown prince

Downing Street said the Prime Minister and Mohammed bin Salman met at the G20 summit in Bali.

Evening Standard · Nov 15, 2022

Sunak did not raise journalist’s murder in meeting with Saudi crown prince

Downing Street said the Prime Minister and Mohammed bin Salman met at the G20 summit in Bali.

The Independent UK · Nov 15, 2022

Sunak meets Saudi Arabia’s controversial crown prince at G20

The PM was likely to use the encounter to encourage Riyadh to produce more oil and gas in response to the disruption of supplies from Russia.

The Independent UK · Nov 15, 2022

OPEC Stresses the Importance of Increasing Oil Investments

OPEC Secretary-General Haitham al-Ghais stressed the importance of increasing investments in the oil sector to avoid any future volatility in the oil markets. Ghais said that among the main challenges are the energy transition and the future of energy in general, adding that OPEC has adopted a policy that aims…

Asharq Al-Awsat · Nov 4, 2022

Soaring diesel prices a ‘severe shock’ to UK motorists, says RAC

Cost rose by 10p a litre to average of 190.5p in October in third worst monthly increase on record

The Guardian - UK · Nov 3, 2022

Arab Summit Hails OPEC+ Efforts in Securing Stability of Global Markets

Arab leaders on Wednesday concluded the 31st Arab League summit. The first Arab League gathering in three years took place against the backdrop of rising inflation, food and energy shortages, drought and the soaring cost of living across the region. The gatherers stressed the centrality of the Palestinian cause and…

Asharq Al-Awsat · Nov 2, 2022

OPEC Sec Gen Calls for Swift Action to Invest in Oil to Prevent Future Emergencies

The world must act swiftly to invest in oil to prevent future energy emergencies as global demand for the hydrocarbon grows in the long term, Organization of the Petroleum Exporting Countries (OPEC) Secretary General Haitham Al Ghais said on Tuesday. "If we don't get it right this time we are…

Asharq Al-Awsat · Nov 2, 2022

Saudis tell US that Iran is prepping attack on kingdom

Saudi Arabia has shared intelligence with American officials that suggests Iran could be preparing for an imminent attack on the kingdom

The Independent UK · Nov 1, 2022

Abdulaziz bin Salman Stresses Saudi-UAE Cooperation for Future Energy Mix

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that Saudi Arabia and the UAE were working to increase production capacity, enhance refining volume, and convert oil into petrochemicals. He noted that the two countries were seeking to provide a safe and sustainable energy system. In his speech on the sidelines…

Asharq Al-Awsat · Nov 1, 2022

Greece Stresses Saudi Role in Balancing Oil Markets, Respects OPEC+ Decision

Greek Minister of Development and Investment Adonis Georgiadis said the diversification of energy sources was the European Union’s most important priority. He noted that the world would never return to the previous situation, even if the Russian-Ukrainian war ended. In this regard, Georgiadis stressed that all European countries would try…

Asharq Al-Awsat · Nov 1, 2022