The Latest Breaking News from OPEC

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

Relief in sight for motorists as petrol prices hit $2 a litre

Petrol prices have continued to rise over the past week and are now hovering around $2 a litre ahead of an expected dip before Christmas.

The New Daily · Nov 14, 2022

Labour would create ‘anti-Opec’ alliance for renewable energy, says Miliband

Shadow climate change secretary says group would cooperate to cut energy prices and promote clean technology

The Guardian - UK · Nov 14, 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

Saudi, UAE back OPEC cuts as US envoy warns of 'uncertainty'

Saudi Arabia and the United Arab Emirates are defending a decision by OPEC and its allies to cut oil production

The Independent UK · Oct 31, 2022

Biden to head to Cambodia, Egypt, Indonesia for summits

President Joe Biden will make a week-long, three country trip next month for a quartet of summits—including one that could potentially put him in the same room as China’s Xi Jinping and Russia’s Vladimir Putin

The Independent UK · Oct 28, 2022