Tag:
Oil
Energy News
OPEC Forecasts Slight Dip in Oil Demand Growth for 2024
In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) has projected a slight deceleration in global oil demand growth for the...
Energy News
Growth in oil demand to slow down significantly: IEA
The growth in global oil demand is expected to slow down significantly in the coming years, according to a recent report by the International...
Energy News
EIA revises forecasts following OPEC+’s oil production cuts
The U.S. Energy Information Administration (EIA) has revised its forecast for the 2023 Brent crude oil price by 2.5 percent in its April Short-Term...
Energy News
OPEC+ oil producers reveal oil output cuts of 1.16 mn barrels per day
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day, Reuters news report said.
The development...
Renewable Energy
OPEC+ to consider oil cut of more than 1 mn barrels per day
OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, Reuters news report said.
OPEC+ will meet...
Featured News
Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban
Oil prices soared more than 9 percent on Monday, touching their highest since 2008, as the United States and European allies mull a Russian...
Featured News
Crude oil price will average nearly $88 per barrel: EIA forecasts
The U.S. Energy Information Administration (EIA) forecasts that the Brent crude oil price will average $90 per barrel in February and nearly $88 per...
Featured News
EIA expects crude oil prices to remain lower than the highs of 2021
The U.S. Energy Information Administration (EIA) forecasts that global oil production will increase more quickly than demand in 2022, pushing crude oil and petroleum...