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.
Crude Oil starts the week on the backfoot, sinking further below $75.00. The US Dollar Index orbits around 103.00 and is looking for a catalyst to move higher.
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 ...
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 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 ...
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 ...
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 ...
“Energy security concerns are likely to remain paramount for decision makers, with an anticipated greater pushback and scrutiny of new energy policies on several fronts,” Opec said in the repor ...