Insiders reveal that ADNOC is considering raising production to around 4.85-4.87 million bpd, breaking from the current OPEC strategy.
As the global oil market eagerly anticipates the upcoming OPEC production decision—a potential shift in the current production cut strategy—most eyes are on Saudi Arabia or Aramco leaders. However, there's a new player in town, already hinting at a dramatic strategy change without OPEC 's approval. Sources in Abu Dhabi suggest the Emirate is no longer convinced of the necessity of OPEC production cuts, given the current volatile oil markets and increased demand.
or the UAE, clearly sees the need for these unilateral production increases. They are positioning themselves as a major International National Oil Company INOC, aiming to compete with the Seven Sisters. Sultan Al Jaber, ADNOC’s CEO, understands the need for change, with plans to acquire assets upstream and downstream.
OPEC Oil Oil Prices Saudi Arabia ADNOC Oil Production
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Who Is Behind Iran-Backed Houthi Threats To Attack Saudi ArabiaYemen's Houthis have threatened to strike Saudi Arabia if it continues to allow U.S. warplanes to use its territory for strikes against the rebel group, but will they follow up on this threat
Weiterlesen »
Saudi Arabia to host the WTA Finals for next three years and provide record prize moneyThe WTA Finals will be held in Riyadh, Saudi Arabia, for the next three years and will also offer record prize money.
Weiterlesen »
WTA Finals: Saudi Arabia to host showpiece women's tennis event in Riyadh from 2024-2026Saudi Arabia will host the next three editions of the WTA Finals, the season-ending showpiece event of the women's tennis tour.
Weiterlesen »
Saudi Arabia Hikes Oil Prices in Increasingly Tight MarketSaudi Arabia has hiked the prices of most of its crude grades for May as Middle Eastern benchmarks are strengthening in a tight market.
Weiterlesen »
Karim Benzema warns footballers about future transfers to Saudi ArabiaKarim Benzema warns footballers about considering a future transfer to Saudi Arabia as his own future is uncertain. The 2022 Ballon d'Or winner's move to the Middle Eastern league hasn't been as successful as expected, with only nine goals and seven assists in 20 appearances this season. Benzema signed for Al-Ittihad and there is speculation about potential future transfers backed by the Gulf state.
Weiterlesen »
Karim Benzema brutally blames standard of teammates for terrible goalscoring form in Saudi Arabia...Darren Bent believes Arsenal should sign Ivan Toney over Ballon d’Or winner Karim Benzema
Weiterlesen »