“Based on OPEC's demand forecast, the oil market would be significantly under supplied this year and next, even if the voluntary production cuts by OPEC+ were to be gradually withdrawn as planned from ...
On Monday, OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month.
OPEC’s plans to increase supply by 2.2 million ... a string of promising discoveries and may have a final investment decision in 2024. We think the project will move forward, and that the ...
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group’s third ...
The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices ...
Oct 2 (Reuters) - OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to ...
OPEC sees global oil demand growth this year at just over 2 million barrels per day. In its latest assessment, the IEA believes growth would be below 1 million bpd this year. The chasm between the ...
LONDON/RIO DE JANEIRO, Sept 24 (Reuters) - OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East ...