July 5, 2023 7:11 PM July 5, 2023 7:11 PM

views 14

UAE Energy Minister Announces No Further Voluntary OPEC plus Oil Production Cuts

The United Arab Emirates (UAE) has announced that it will not be implementing any additional voluntary oil production cuts as a part of the OPEC plus agreement, according to the country's Energy Minister, Suhail Al Mazrouei. The UAE believes that its current efforts are sufficient in contr...

July 5, 2023 6:08 PM July 5, 2023 6:08 PM

views 18

Brent crude trades marginally lower amid concern over global economic slowdown

Brent crude was trading marginally lower today amid concern over a global economic slowdown which overshadowed supply cuts announced this week by top crude exporters Saudi Arabia and Russia.   In intra-day trade, Brent crude was trading at 76 dollars and 20 cents a barrel. West Texas Intermedia...