News

Iraq's oil exports to Europe have significantly increased, reaching approximately $11 billion by the end of August.

Abu Dhabi National Oil Corporation (ADNOC) and American oil company Occidental have agreed to cooperate on carbon dioxide capture and storage (CCS) in the United Arab Emirates (UAE) and the United States.

Saudi Arabia, Russia, and Algeria announced on July 3rd that they will further reduce their crude oil supply next month to maintain stability in the international crude oil market.

The high oil prices and supply security caused by global energy shortages have accelerated the world's transition to clean energy.