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Opec Producer

OPEC+ has announced oil production cuts

Explained: OPEC+ Oil Production Cuts, Concerns Over Price Hike, And How Is The World Reacting

Oil prices have started to rise with the announcement of OPEC+ countries to reduce oil production. Lower supply would result in higher prices, which would worsen situations in countries already reeling under inflation.

08 October 2022

Source: Shutterstock

High UAE Gas Prices Stand Out Where Cheap Fuel Was The Norm

Fuel prices in the major OPEC producer, set in line with global oil price benchmarks, have soared over 70 per cent since Russia's invasion of Ukraine, accentuating differences with neighbouring petrostates that heavily...

12 July 2022

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