Oil and Gas

OPEC+ Cuts Oil Production by 137,000 Barrels per Day Starting October 2025

OPEC+ has announced a new oil production cut, effective from October 2025, at a rate of approximately 137,000 barrels per day. This decision comes as part of a series of measures aimed at balancing supply and demand, and maintaining price stability amid

September 8, 2025

Oil and Gas

Dubai crude above $50 per barrel supports the UAE economy

Dubai crude has risen above $50 per barrel, reaching its highest level in about eight years. The increase reflects strong movement in global energy markets and carries positive economic signals for the United Arab Emirates. The UAE remains an important oil-producing country

March 13, 2026

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