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.
TECOM Group posts strong 2025 results as revenues and profits rise
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
UAE-Vietnam CEPA enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
Indian rupee, stocks soar in relief rally after trade deal with US
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
UAE, DR Congo sign CEPA to strengthen economic partnership
The UAE and the Democratic Republic of Congo have formalised economic ties through signing a Comprehensive Economic Partnership Agreement (CEPA) on Monday that aims to reduce tariffs and eliminate trade barriers.
'World's Coolest Winter' boosts UAE tourism, hotel revenues hit AED 12.5 billion
The UAE's Ministry of Economy and Tourism has announced the conclusion of the sixth edition of the World’s Coolest Winter campaign, which recorded strong results across all seven emirates.
