On Sunday, OPEC+ countries, along with Russia and other partners, agreed to increase their oil production starting in October. Oil prices increased more than $1 on Monday, bouncing back from…
Iraq, the second-largest OPEC producer after Saudi Arabia, struggles to generate enough energy due to production and transmission inefficiencies. Iraq is accelerating the construction of an offshore liquified natural gas…
In 2010, IEA thought Brazil’s output would hit 4.4 million bpd by 2020, but it was just over 3 million. Brazil is a Schrödinger’s Cat within OPEC+. It exists both…
OPEC Fund is working with Lebanon to determine the best time and strategy to ensure that they can make a vast impact on the country’s development. The president of the…
If the oil prices stay at their current somewhat depressed levels or further decline, then Iraq’s budget is going to run into problems. Brent crude is currently at $71 per…
As tensions escalate in the Middle East, the eyes of the investors are fixed on Israel’s response to Iran’s recent attack. On Monday, oil prices surprisingly dipped, despite the severity…