OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...

TEHRAN - The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.259 million ...

Edmund King, AA president, told the Telegraph: “It is notoriously difficult to speculate on where oil prices might go in the ...

Oil prices may see a drastic fall in the event that oil alliance OPEC+ unwinds its existing output cuts, said market watchers ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, ...

Crude Oil prices have found some room to breathe but the outlook remains bleak. Even when OPEC could limit its production further, the US is set to offload even more volumes in the coming years under ...

In its latest monthly report published on Tuesday, OPEC said world oil demand would rise by 1.82 million barrels per day (BPD) this year, down from 1.93 million bpd the cartel predicted in October; up ...

(MENAFN- Caribbean News Global) VIENNA, Austria – The OPEC Secretariat noted that the eight OPEC+ countries ... which previously announced additional voluntary adjustments in April and November 2023, ...

OPEC and its allies, or OPEC+, are facing unfavourable backdrop for the plans to boost production as a potential crude ...

The development was blamed on crude oil theft and pipeline vandalism in the Niger Delta region. It was also noted that crude oil production fell short of the OPEC quota of 1.58 million barrels per day ...

The sharp move comes after OPEC+ has agreed to delay its 180,000 barrels production increase to December. The US Dollar Index is looking for support after polls show slight favor for Harris to win.

This was higher than the July total by 3.4%, but lower than the August 2023 total by 3.5%. So, the main non-OPEC group has boosted ... There is, however, good supply news over the longer term.