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OPEC Further Trims Oil-Demand Forecast
OPEC makes fifth and biggest cut to 2024 oil demand growth forecast
OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering role as the world's demand growth engine.
Brent Crude - Oil Prices Rise Despite Largest OPEC Forecast Cuts Of 2024
Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing. This is a slight surprise given that OPEC downgraded its 2024 and 2025 forecasts.
OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast
OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.
Opinion
22h
Opinion
An OPEC for Solar Power Isn’t Going to Work
Geological advantages are perpetual, but technological advantages can quickly become obsolete. David Fickling is a Bloomberg ...
Crude Oil Prices
3h
OPEC’s Oil Production Rose in November as Libyan Output Jumped
OPEC's crude oil production increased in November, primarily due to higher output from Libya and Iran, despite the OPEC+ ...
TheCable
7h
OPEC appoints Ademola Adeyemi-Bero as chairman board of governors for 2025
The Organisation of the Petroleum Exporting Countries (OPEC) has appointed Ademola Adeyemi-Bero as the chairman of its board ...
10h
OPEC again cuts its 2024 and 2025 oil demand growth forecasts
OPEC said it now expects 2024 global oil demand to rise by 1.61 million barrels per day, down from its forecast of 1.82 ...
1d
OPEC Gives Haitham Al-Ghais Second Term as Secretary-General
OPEC appointed Haitham Al-Ghais for a second three-year term as its secretary-general, extending his tenure until mid-2028.
2d
on MSN
OPEC’s market power is ‘less than you would imagine’ and the US doesn’t need to get fussed over the cartel, State Dept. official says
Obituaries for OPEC have been prematurely written before, but the emergence of new producers outside of the oil cartel and ...
Zawya
1d
OPEC Fund approves close to $1bln in new development financing
Aiming to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries ...
5d
on MSN
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
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