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Road to Net Zero

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Road to Net Zero

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Opec

The port of Luanda. Angola's economy is forecast to grow by 3.4 per cent in 2024. AFP

Angola aims to maintain oil output of 1.1 million bpd until 2030

EnergyNovember 19, 2024

Storage tanks at Kinder Morgan Terminal in California. Opec had lowered its oil demand forecast for next year. Reuters

Opec cuts oil demand forecast once again for 2024 and 2025

EnergyNovember 12, 2024

From left, moderator Becky Anderson from CNN, Murray Auchincloss, CEO of BP, Wael Sawan, CEO of Shell, Tengku Muhammad Taufik, CEO of Petronas, Musabbeh Al Kaabi, executive director of Low Carbon Solutions & International Growth at Adnoc, and Claudio Descalzi, chief executive of Eni at a panel session at Adipec. Antonie Robertson / The National

World's oil firm bosses see Middle East conflict as greatest threat

EnergyNovember 04, 2024

Suhail Al Mazrouei, the UAE's Minister of Energy and Infrastructure. EPA

UAE minister: Opec+ does 'noble job' balancing oil market

EnergyOctober 02, 2024

The pain of lower oil prices would be immediate, the uncertainties immense, but the long-term result far preferable. Reuters

Why Opec's next move needs to focus on long-term objective

EnergySeptember 30, 2024

A ship is moored near storage tanks at an oil refinery off the coast of Singapore. Reuters

Opec boosts long-term oil demand outlook, driven by developing world growth

EnergySeptember 24, 2024

Global oil demand growth is now forecast to reach 2 million bpd this year, down 80,000 bpd from Opec's previous estimate. Reuters

Oil prices fall below $70 for first time since 2021

EnergySeptember 11, 2024

Opec headquarters in Vienna, Austria. Production by Opec’s 12 members averaged 26.59 million bpd last month, 197,000 bpd lower than in July. EPA

Opec revises down oil demand forecast for second straight month

EnergySeptember 10, 2024

The Liberia-flagged liquefied petroleum gas tanker Navigator Gemini at the liquid gas wharf in Iraq's southern port of Umm Qasr on September 4. AFP

Iraq's excessive oil output poses challenges for Opec

EnergySeptember 09, 2024

Eight countries will pause their oil output increases for two additional months. Reuters

Opec+ countries to extend voluntary cuts for two more months

EnergySeptember 05, 2024

A worker checks pipes and valves at Amaal oil field in eastern Libya. Reuters

Oil prices drop on concerns of rising supply amid slumping demand

EnergySeptember 03, 2024

Amal oilfield in eastern Libya. The country’s oil production had reached 1.17 million barrels per day in July, before shutdowns. Reuters

Oil prices drop despite Libya supply concerns and positive US economic data

EnergyAugust 30, 2024

Storage tanks at Libya's El Sharara oilfield. Reuters

Oil prices soar 3% on Libya production shutdown fears

EnergyAugust 26, 2024

Brent has dropped about 15 per cent since reaching $91 a barrel in April, due to concerns over weakening demand, particularly in China. Getty

Oil's geopolitical risk premium fades as Israel-Gaza ceasefire talks progress

EnergyAugust 21, 2024

A crude oil pump in Walsheim near Landau, Germany. The IEA now expects global oil consumption to grow by 950,000 barrels per day next year. EPA

China's slump pulls down global oil demand outlook

EnergyAugust 13, 2024

North Oil Company installations in the province of Kirkuk, north of Baghdad. AFP

Iraq joins forces with BP to develop Kirkuk oil and gas fields

EnergyAugust 01, 2024