Dar es Salaam. The East African Development Bank (EADB) has signed a $40 million (approximately Sh105.7 billion) loan agreement with the OPEC Fund for International Development to boost small and ...

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there's a ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing ...

Vladimir Putin met with OPEC Secretary General Haitham Al Ghais on the sidelines of the International Economic Forum.

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

Russian Deputy Prime Minister Alexander Novak has discussed the situation on the global oil market with OPEC Secretary ...

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

Even countries whose economies rely heavily on petrol is making the switch to EVs. Read more at straitstimes.com. Read more ...

The Gulf states are looking beyond oil and the internal combustion engine.