The United Arab Emirates (UAE) has clarified that its decision to exit OPEC and OPEC+ was not directed against any country, with the move instead aimed at advancing national economic and industrial priorities, according to UAE Minister of Industry and Advanced Technology Sultan Al Jaber. Read More: United Arab Emirates Leaves OPEC, Reshapes Global Oil Market […]
oil production
Saudi Arabia restores full oil flow after pipeline attacks
Saudi Arabia has restored full pumping capacity on its East–West oil pipeline, bringing output back to nearly seven million barrels per day after recent attacks disrupted energy infrastructure. Officials confirmed that key energy facilities have resumed normal operations following rapid repair and recovery efforts. The announcement highlights a swift stabilization of the kingdom’s critical […]
Venezuela’s acting president condemns US interference in politics
Venezuela’s acting president, Delcy Rodríguez, has publicly warned the United States to stop issuing directives to Venezuelan leaders, emphasizing that the country must resolve its own political conflicts without external interference. She described the ongoing U.S. involvement as unacceptable and urged national decision-making to remain in Venezuelan hands. Rodríguez highlighted that foreign influence has long […]
OGDCL hits oil: Pasakhi-14 well starts production in Hyderabad
OGDCL has begun producing 1,100 barrels of oil per day from its Pasakhi-14 well in Hyderabad. The well is part of the company’s Pasakhi & Pasakhi North Development Lease. This milestone strengthens Pakistan’s national energy output and enhances shareholder value. The Oil and Gas Development Company Limited (OGDCL) announced the production start through a notice […]
OPEC and partners near deal over cuts in production
OPEC ministers presented a “final draft” of an agreement for oil production cuts to a meeting Friday with partner countries including Russia, as oil prices rebounded at news that a deal may be close. The price of Brent, the European benchmark, surged five percent on Friday after reports emerged that OPEC and its non-member partners […]