This decision eased concerns about potential oversupply as the fall season approaches, and helped reverse the decline in oil prices. OPEC+, which includes non-OPEC members such as Russia ...

“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be significantly under supplied this year and next, even if the voluntary production cuts by OPEC+ were to be gradually withdrawn as planned from ...

THE Organization of Petroleum Exporting Countries (Opec) has trimmed its forecasts for oil demand growth this year and the ...

This decision will become public on December 1, when OPEC is scheduled to determine whether to increase production. Though it was initially meant to do so in October, the decision was delayed.

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 ...

Israel and Iran are fighting at a time when prices are under pressure because of weak demand in China and concerns about ...

Both flooded world markets with oil after Moscow refused to support OPEC's decision to make deeper output cuts to deal with the fallout from the COVID-19 pandemic. Riyadh in 2014 blocked calls by ...

“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 ...

OPEC and Saudi Arabia have repeatedly said they do not target a certain price and make decisions based on market fundamentals and in the interest of balancing supply and demand. The output ...

Oil prices managed to find support yesterday despite a bearish tone coming out of APPEC in Singapore. The bearish outlookOil prices stabilised yesterday and Brent managed to settle 1.1% higher on the ...