Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman decided at their September 6 virtual meeting to maintain September required production levels for October 2026. OPEC said participants reviewed market conditions and the outlook.
They reiterated their commitment to full conformity with the Declaration of Cooperation. The next monthly meeting is scheduled for October 4. Required production levels are targets, rather than evidence of October’s realised output or the outcome of a meeting still ahead.
In an IEA scenario, electricity could cost-effectively supply 33 percent of final energy use by 2035; projected import savings are not realized outcomes.
The utility’s long-term plan projects lower emissions despite rising electricity demand; its solar, battery and reverse-osmosis targets are not completed outcomes.
Emirates News Agency (WAM), citing Emirates Water and Electricity Company (EWEC)4 min read
News
Illustration