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White House has been pressing the group to step up production to tame prices
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Al Ghais was appointed by acclamation for a three-year term at the Special Meeting of the Opec Conference held on January 3, 2022
Factories across Asia and Europe struggled in July as flagging global demand and China’s strict Covid-19 restrictions slowed production
Infrastructure funds InfraRed and EIP are also close to making offers on the project known as Wikinger
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Costs have been slashed by up to 60 fils per litre
Following two consecutive months of hikes, oil cost in the Emirates reached an all-time high in July
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Utility company to automate notifications to customers in the event of a potential water leak on their premises
Brent seen averaging $105.75 per barrel this year; WTI seen averaging $101.28/bbl this year; Investors focus on Opec+ meeting; Global demand seen growing by 1.4m-2.5m bpd in 2022