#production

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UAE ‘will be encouraging OPEC’ to consider higher production levels, says ambassador to US

Oil has surged above $100 a barrel for the first time since 2014

Saudi oil minister says global production could plunge 30% this decade

“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” he said

OPEC made only half of planned supply hike amid African losses

The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch

UAE sees no need for OPEC+ to change oil-production plan

Benchmark Brent crude is currently trading around $75 a barrel, up 45 per cent this year

Oil extends gains on signs OPEC+ edging toward keeping cuts

The producer group is considering keeping additional supply off the market for three to six months

Abu Dhabi converts status of 29 industrial licences to ‘production’

Construction and glass industries account for the largest share of industrial licences in Abu Dhabi with 20.1 per cent

UAE’s Ministry of Economy reduces fees for 94 services

The financial impact on the business sector as a result of fee reduction is estimated at Dhs113m in 2020