Eight OPEC+ members agreed to raise oil production by 137,000 bpd in October, the group said in a statement on Sunday.
The group's statement cited steady global economic outlook and current healthy market fundamentals.
The countries will meet on October 5.
Logistics sector's contribution to UAE's economy to exceed AED200 bn in seven years
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, chaired the first meeting of the UAE Logistics Integration Council, stating it aims to increase the logistics sector’s contribution to the national economy from approximately AED136.7 billion in 2024 to over AED200 billion within seven years.
UAE's GDP grows 3.9% in Q1, non-oil sector hits record high
The UAE's real GDP grew by 3.9 per cent, reaching AED 455 billion during the first quarter of 2025, compared to the same period in 2024.
Dubai Chambers signs MoU with Victorian Chamber
Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Victorian Chamber of Commerce and Industry in Australia to enhance cooperation in attracting Australian companies to Dubai and supporting the expansion of Dubai Chamber of Commerce members into Victoria.
Trump signs order offering some tariff exemptions to countries with US trade deals
US President Donald Trump signed an executive order offering some tariff exemptions as soon as Monday to trading partners who strike deals on industrial exports such as nickel, gold and other metals, as well as pharmaceutical compounds and chemicals.
Tesla to award Musk an unparalleled $1 trillion, depending on performance
Tesla's board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse.
