Oil & Gas Opec+ triples additional June barrels to deter quota-breaking Saudi Arabia and seven members of Opec+ will triple the volume of barrels they add to the market in June, as part of the kingdom’s new strategy to squeeze quota-busting members and boost market share, experts said. Saudi Arabia and seven other countries implementing voluntary cuts decided in an online May 3 meeting to add […] May 5, 2025
Oil & Gas Adnoc Gas rules out project delays and sticks to capex plan Adnoc Gas, a unit of Abu Dhabi National Oil Company (Adnoc), said it is ruling out project delays in its $15 billion, five-year capital expenditure plan, though two developments are still pending a final investment decision. Adnoc Gas plans to make a final investment decision (FID) around mid-year on its Rich Gas Development project, which […] May 5, 2025
