Senior U.K. ministers are busy discussing U.K. Prime Minister Theresa May’s plan for Brexit, with speculation that some key lawmakers could resign if they are not happy with the proposals. A draft deal, which is believed to stretch to more than 500 pages, was signed off by negotiators from both the European Union and U.K. […]
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Global energy demand is set to skyrocket over the next two decades, OPEC said in its latest annual outlook, with India and China the most important contributors to this growth. In the influential oil cartel’s 2018 World Oil Outlook (WOO), the group said it expects total primary energy demand to surge around 33 percent from […]
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OPEC and its allies have agreed that technical analysis of the energy market shows a need to cut oil supply from 1 million barrels per day (bpd) from October levels, Saudi Arabia‘s energy minister Khalid al-Falih said Monday. Speaking at the ADIPEC oil summit in Abu Dhabi on Monday, al-Falih said: “If all things remain […]
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Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1 million barrels per day, two sources told Reuters on Sunday, as the world’s top oil exporter grapples with a drop in crude prices. The sources said any such deal would depend on factors including the […]
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Turkey has given recordings related to the killing of Saudi journalist Jamal Khashoggi to Saudi Arabia, the United States, Germany, France, and Britain, President Tayyip Erdogan said on Saturday. Turkish sources have said previously that authorities have an audio recording purportedly documenting the murder. “We gave the tapes. We gave them to Saudi Arabia, to […]
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