Iraq Bulletin

Tag : OPEC

Business

Gold continues upward climb, scaling one-year high racing past $2,000 an ounce

admin
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns over inflationary pressure caused by rising oil prices. The price......
Business

Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

admin
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts by OPEC+ to 3.66 million bpd, equal to 3.7% of......
Business

Oil producers from OPEC and non-OPEC sign historic declaration

Editor
Ten non-OPEC oil-producing countries and OPEC Member Countries signed the Declaration of Cooperation (DoC) on 10 December 2022. At the OPEC Headquarters in Vienna, Austria, OPEC Member Countries, Azerbaijan, Bahrain, Brunei Darussalam, Equatorial Guinea, which joined later, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South Sudan met on this day......
Business

UAE plays a crucial role in securing global energy supplies – OPEC

Editor
As one of the world’s largest oil producers, and considering future directions to increase energy productivity, Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), affirmed that the UAE plays a crucial role in securing oil supplies around the world. Announcing his appointment as OPEC Secretary-General,......