Jennifer Gnana

The Washington-based lender raised its 2021 US growth projection to 7 per cent

Governments around the world have committed to spend only $380bn on clean energy to help navigate the pandemic

The crude benchmarks slipped below $70 per barrel following the resolution of a weeks-long deadlock among Opec+ producers

The sultanate aims to add 30% of clean energy to its power mix by 2030

Prices ended last week down nearly 4% in one of the steepest weekly declines since March

The group will host its next ministerial meeting on September 1

Plans of the alliance of producers to bring 2 million bpd of crude back to the markets remain uncertain

The company operates the largest container handling facility in Saudi Arabia

Opec continued to maintain its demand growth forecast in July for crude at 6 million bpd for 2021

The group deferred three planned ministerial meetings set for early July

The company plans to raise oil production capacity to 5 million bpd by 2030

Global demand surged by about 3.2 million bpd to 96.8 million bpd in June, after two consecutive months of decline

Crude oil benchmarks retreated on Monday due to persisting uncertainty over Opec+ action

Prices are trading nearly 50% higher so far this year

The organisation, launched in 2017, includes some of the world's leading energy companies as its members