Oman develops a framework that can leverage ESG-focused investors | Business and Economic News

Sources told Reuters that Oman, which is heavily indebted, is setting environmental, social and governance standards to increase its attractiveness to investors who are concerned about sustainability. Two sources familiar…

The longest consecutive weekly decline in oil ceiling since 2019 | Bank News

West Texas Intermediate crude oil futures closed down 2.2%, the seventh consecutive day of decline, and this week’s decline expanded to 8.9%. Oil prices ended the week with the longest…

Oil prices continue to fall as the Fed considers downsizing, OPEC + turn on the tap | Coronavirus pandemic news

Since the spread of the highly contagious Coronavirus Delta virus poses a threat to demand, since July, the oil rally in the first half of this year has lost momentum.…

Oil prices record their longest loss since March due to weak recovery | Coronavirus pandemic news

The rapid spread of the delta variant of the coronavirus in many parts of the world has stimulated new restrictions on mobility and reduced energy consumption, including in China. Oil…

More oil now: Why the US calls on OPEC+ to increase production | Coronavirus pandemic news

Turn on the faucet-and soon. This is a message sent by the administration of US President Joe Biden to the Organization of Petroleum Exporting Countries (OPEC) and its allies on…

Oil declines due to fears of China’s economic slowdown, OPEC production increases | Business and Economic News

As demand shrank for the first time in more than a year, China’s factory activity growth in July fell sharply. Oil prices fell on Monday due to concerns about the…

Oil producers reach output agreement, ending the deadlock between the UAE and Saudi Arabia | Business and Economic News

With the recovery of the global pandemic, close allies in the Gulf have openly debated how to rapidly increase production. The Minister of Energy of the United Arab Emirates stated…

OPEC+ supply is deadlocked, U.S. dollar falls, oil prices rise Coronavirus pandemic news

Due to the recent supply uncertainty, crude oil will record its first weekly decline since May. After a week of volatile trading, due to the weakness of the U.S. dollar…

The G20 will redefine the world economic order after the Trump pandemic | Business and Economic News

In the era after Donald Trump and the coronavirus pandemic, global treasurers will make their most consistent efforts to date this week to redefine the world economic order. As trade…

Ongoing OPEC negotiations “inspire” the Biden administration Joe Biden News

The White House Press Secretary stated that the administration of US President Joe Biden had “many high-level dialogues” with Saudi and UAE officials. after Jordan Fabian and Josh WingroveBloomberg White…

OPEC + Infighting: What should you pay attention to in the next step in the quarrel between Saudi Arabia and the UAE?Oil and gas news

It is too early to judge whether the breakdown of the latest cartel meeting will escalate into a conflict between Saudi Arabia and the UAE, which is as painful and…

OPEC+ cancels the meeting because the quarrel between the UAE and Saudi Arabia continues oil and gas news

OPEC+ sources said that no progress has been made in resolving the matter. Monday’s meeting was cancelled and no new date was agreed. After the conflict last week, OPEC+ ministers…

Saudi Arabia changes Gulf import rules to challenge UAE | Business and Economic News

Although according to recent Saudi trade data, the UAE is the second largest trading partner after China in terms of import value, but Saudi Arabia has announced the latest rule…

UAE rejects OPEC and allies’ plans to extend production agreement business and economic news

The United Arab Emirates opposed the OPEC oil cartel and allied producers’ plans to extend the global production reduction agreement beyond April 2022. This rare statement shows that the country…

OPEC+ resumes negotiations after obstacles in the UAE on Monday Coronavirus pandemic news

The deadlock may postpone plans to increase oil supply to cool oil prices until the end of the year. As the United Arab Emirates blocked certain aspects of the agreement,…