Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Oil Prices Up Following OPEC+ DecisionSingapore, 2 Jun (ONA) — Oil prices rose by more than one
dollar per barrel today, supported by the decision of the OPEC+ group to
increase production in July by the same amount as in the previous two months.Brent crude futures climbed $1.46, or 2.33%, to $64.24 per
barrel, after closing down 0.9% on Friday.West Texas Intermediate (WTI) crude rose to $62.45 per barrel,
up $1.66, or 2.73%, after a 0.3% decline in the previous session.Despite today’s gains, both benchmarks posted a weekly loss of
over 1% last week.The Organization of the Petroleum Exporting Countries (OPEC) and
its allies decided last Saturday to increase production by 411,000 barrels per
day in July, marking the third consecutive month of similar production hikes. — Ends/AH
