Saudi Arabia's Energy Minister says he hopes oil producers will be able to balance the oil market before next year.
Khalid al-Falih made the comments on Saturday on the sidelines of a meeting of G20 energy and environment ministers in Japan.
Earlier this month he said OPEC was nearing an agreement that would extend a pact on cutting oil supplies after June.
However al-Falih said more talks were needed with non-OPEC countries that are part of the deal.
US says oil from strategic reserve to start reaching market next week
The Trump administration said on Friday it expects early deliveries of oil from the US strategic petroleum reserve to reach the market by the end of next week as part of an effort to combat the energy price spike since the start of the Iran war.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
Cyprus aims for gas exports by 2028 as conflict heightens supply tensions
Cyprus could begin producing natural gas for export as early as 2028, Energy Minister Michael Damianos said, potentially strengthening Europe's push to diversify its energy sources as regional conflict tightens focus on supply.
DP World reports record $24.4bn revenue for 2025
DP World has announced its financial results for 2025 on Thursday, with a 22.4 per cent increase in revenue to $24.4 billion, and adjusted EBITDA up 18 per cent to $6.4 billion.
IEA proposes record release of strategic stocks in response to Iran war oil price surge
The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
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Pinoy Expat Corner
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Pinoy Expat Corner
What is the difference between hiking in the UAE compared to hiking in the Philippines?
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
