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

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 ...

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 ...

Despite concerns about lower demand and rising non-OPEC supply, oil demand—particularly from China—remains resilient.

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 ...

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

Hess, the FTC charged, urged OPEC officials to push publicly and privately ... “means whatever the Majority needs it to mean to appease political demands,” Holyoak wrote.

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 ...

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 ...

Opec projects strong growth of 28 million bpd ... “The end of the growth era for fossil fuels does not mean an end to fossil fuel investment, but it undercuts the rationale for any increase ...

OPEC said this year's demand growth was still above the historical average of 1.4 million bpd seen prior to the COVID-19 pandemic, which caused a plunge in oil use. For next year, OPEC cut its ...