Browsing Tag

OPEC

OPEC Fund invests $1.7bn for global climate change and energy transition in 2023

Feb 5, 2024

A Nigerian solar plant and an Azerbaijan wind farm were among the 55 projects that received financing worth $1.7 billion from the OPEC Fund for International Development in 2023. Aligned with the multilateral development finance…
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Saudi’s plan to cut oil production will put burden on India: Energy body

Apr 12, 2023

International Energy Agency (IEA) executive director Fatih Birol predicted that India's oil import bill is likely to increase in the second half of the year following the decision to cut in oil production by Saudi Arabia, Russia and other…
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US says Saudi forced OPEC nations into oil cut amid escalating war of words

Oct 14, 2022

Saudi Arabia pushed other OPEC nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries. "More than one" OPEC member disagreed with Saudi Arabia's push to cut…
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Biden re-evaluates US relationship with Saudi Arabia after OPEC decision

Oct 12, 2022

President Joe Biden is re-evaluating the U.S. relationship with Saudi Arabia after OPEC announced last week that it would cut oil production, White House national security spokesman John Kirby said on Tuesday. "I think the president's been…
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