Amena Bakr

3 weeks ago | thenationalnews.com | Amena Bakr

At the weekend the group of eight Opec+ oil producers decided to continue their sped-up path towards unwinding their so called “voluntary cuts” in July by adding another 411,000 barrels per day of output. The result: oil prices rose by about 3 per cent when markets opened on Monday. So, what led to this contradictory reaction and what does it mean for the group’s policy in the months to come?

1 month ago | agbi.com | Amena Bakr

Opinion Energy Trillions were pledged in AI and energy, but Opec stayed out of the spotlight Brian Snyder /TPX/Reuters US President Donald Trump’s visit to the Gulf region last week helped to turn the page on lukewarm relations with the previous Democratic administration.

1 month ago | semafor.com | Amena Bakr

Despite covering energy markets for nearly two decades, I’d never been to Houston. Last month, I took the 17-hour flight from Dubai and made my rounds with dozens of investors and drillers in the shale patch. Most volunteered they voted for Donald Trump — and in the same breath expressed disappointment with his policies that are making it harder to boost US oil production. The contradiction was clear from the start: Trump wants lower oil prices while simultaneously growing domestic output.

2 months ago | agbi.com | Amena Bakr

Opinion Oil & Gas The only factor the sector is certain about is that uncertainty will continue ZUMA Press Wire via Reuters Connect The return of President Donald Trump to the White House this year has unleashed a new stage of financial market volatility, which in turn is causing oil markets to whiplash.

2 months ago | semafor.com | Amena Bakr

OPEC+ delivered a surprise to oil markets on Thursday, nearly tripling the pace of unwinding of voluntary cuts, and announcing the plan just as US President Donald Trump rolled out sweeping tariffs. Oil slumped, stocks plummeted, and fresh concerns were raised about global economic growth. Yet none of these factors were the main driver behind the decision. The real reason: the group’s internal politics.