back Back to news
Economy Local 2025-12-01T04:11:22+00:00

OPEC+ Agrees on Production Capacity Evaluation Mechanism

OPEC announced the OPEC+ alliance's agreement on a mechanism to evaluate the maximum production capacity of its members. This mechanism will be used to set baseline production levels from 2027, which will determine the production targets for member countries.

OPEC+ Agrees on Production Capacity Evaluation Mechanism

OPEC stated that the OPEC+ alliance has agreed on a mechanism to evaluate the maximum production capacity of its members, which will be used to set baseline production levels starting from 2027. These levels will determine the production targets for member countries.

Latest news

See all news
Oil prices rise after OPEC+ decision
2025-12-01T04:11:22+00:00

Oil prices rise after OPEC+ decision

Oil prices rose by more than 1.5% on Monday after the OPEC+ alliance decided not to increase the previously planned production in the first quarter of next year.
Economy Local
UAE Sees 40% Surge in Demand for Green Building Materials
2025-12-01T01:31:26+00:00

UAE Sees 40% Surge in Demand for Green Building Materials

The UAE markets have seen a 30-40% increase in demand for sustainable building materials since early 2025, driven by more green construction projects and heightened investor awareness.
Economy Events Local
DEWA Launches Two New Initiatives to Accelerate Investment Projects in Dubai
2025-12-01T01:31:20+00:00

DEWA Launches Two New Initiatives to Accelerate Investment Projects in Dubai

Dubai Electricity and Water Authority (DEWA) has introduced 'Solar Power' and 'Easy Connection' initiatives to simplify procedures for investors and contractors, reduce time and costs on projects, and support Dubai's goals for clean energy by 2050.
Economy Politics Local