Tag:
OPEC
Energy News
OPEC lowers 2024 global oil demand growth forecast
OPEC has revised its global oil demand growth forecast for 2024, citing weaker-than-expected data for the first half of the year and tempered expectations...
Energy News
IEA Lowers 2024 Oil Demand Forecast, Increasing Divergence with OPEC
On Wednesday, the International Energy Agency (IEA) reduced its forecast for 2024 oil demand growth, widening the gap with the Organization of the Petroleum...
Energy News
OPEC Maintains Strong Oil Demand Forecast for 2024, Shifts Focus to OPEC+
The Organization of the Petroleum Exporting Countries (OPEC) reaffirmed its forecast for robust growth in global oil demand in 2024, expecting a rise of...
Energy News
OPEC+ Holds Firm on Oil Supply Policy Amid Soaring Prices
Top ministers from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have opted to maintain existing oil supply policies, leading to...
Energy News
OPEC Reveals 2025 Oil Demand Forecast in Unprecedented Move
The Organization of the Petroleum Exporting Countries (OPEC) unveiled its first-ever forecast for 2025 in its monthly report released on Wednesday.
The report maintains OPEC’s...
Energy News
OPEC+ Members Agree to Voluntary Output Cuts to Stabilize Volatile Oil Market
In a bid to stabilize the volatile oil market, OPEC+ members have agreed on voluntary production cuts totaling approximately 2.2 million barrels per day...
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
OPEC+ Successfully Balances Global Oil Market, Eyes Future Challenges and Geopolitical Shifts
In a commendable display of cooperation, the OPEC+ alliance’s strategic production cuts have proven effective in stabilizing the global oil market, attracting a shift...