Breaking: UAE Exits OPEC and OPEC+
The United Arab Emirates has announced its withdrawal from both OPEC and OPEC+. The decision, effective May 1, 2026, was ...
Tag: Saudi Arabia
Saudi Envoy and Dangote Meet to Deepen Economic Partnership
Saudi Arabian Ambassador to Nigeria, Yousef bin Mohammed Al-Balawi, and Chairman of the Dangote Group, Aliko Dangote, have met to ...
OPEC+ Raises Alarm Over War Disruptions
Eight major oil-producing nations within the OPEC+ alliance have expressed deep concern over the impact of Iran’s attacks on key ...
OPEC+ Adds 206,000 bpd From April Despite Escalating Middle East Supply Threats
OPEC+ on Sunday agreed to raise crude oil production to 206 000 barrels per day (bpd) based on recent economic ...
OPEC+ Raises Output As Gulf Risks Intensify
The OPEC+ alliance has agreed to increase oil production in response to rising geopolitical tensions in the Middle East, a ...
Saudi Arabia Navigates Cultural Shift with Strategic Ease of Alcohol Restrictions
Saudi Arabia is reportedly testing the boundaries of its ambitious "Vision 2030" reform agenda by quietly relaxing its long-standing, absolute ...
Nigeria Activates Lagos Gold Refinery, Prepares $600m Lithium Plant for Commissioning
Nigeria’s mining sector is taking a leap toward industrialization with the start of operations at a high-purity gold refining plant ...
Saudi Arabia Opens Financial Markets to All Global Investors from February 1
Saudi Arabia has announced that it will open its financial markets to all foreign investors from February 1 2026, a ...
OPEC+ Hits Pause on Production Hikes for Q1 2026 After December Increment
The oil-producing alliance known as OPEC+ has decided to halt further production increases for the first quarter of 2026, following ...
