OPEC's spare oil production capacity is the go-to argument by many analysts when the threat of higher prices rears its head. The latest International Energy Agency monthly report was no exception. But ...

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 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 ...

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...

The Saudi Arabian government is reportedly on the verge of flooding the global market with oil supply if the Organization of ...

Oil is increasingly becoming a discontinued model: The Organization of the Petroleum Exporting Countries (OPEC) has reduced its forecasts for oil demand growth this year and in 2025 for the third ...

In its monthly report, OPEC said it cut its forecast for demand growth in 2024 by 106,000 barrels a day to 1.9 million barrels a day, or mbd. The organization cited "actual data received ...

This week is packed with major economic events that will undoubtedly influence global markets. Oil, retail, housing, and ...

World June oil output without US decreased by 340 kb/d to 67,875 kb/d. June Non-OPEC oil production increased by 106 kb/d to 52,549 kb/d. The focus of this post is an overview of World oil ...

Opec has further trimmed its global oil demand growth view for this year and cut its outlook for 2025, its third consecutive downward revisions in recent months. The producer group revised its ...

Investing.com - European stock markets traded in a mixed manner Wednesday as investors digested more corporate news, while benign inflation data helped the UK markets outperform. At 03:05 ET (07 ...