As Britons prepare to face record-high energy costs, the E&P sector in the MENA region saw some interesting developments this past week
OPEC
Posted inExploration & Production, News
Kuwait ramps up crude oil production to meet increased demand
Kuwait will continue to support efforts to promote market stability, Oil Minister Dr Mohammad Al-Faris said
Posted inMarkets
Oil market volatility could force OPEC production cuts, Saudi Energy Minister says
The paper oil market has fallen into a “self-perpetuating vicious circle” of extreme volatility, Saudi Energy Minister Prince Abdulaziz bin Salman said
Posted inExploration & Production
OPEC chief calls for more investment in oil and gas
Haitham Al Ghais also said that OPEC is doing its part and must not be blamed for soaring inflation
Posted inNews
OPEC+ pledges to increase September output by 100,000 barrels per day
For July and August, OPEC and its allies had pledged to add more than 600,000 barrels a day to the market
