OPEC Reduces 2024 Oil Demand Growth Forecast
by The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand forecast downward for 2024, marking the fourth consecutive adjustment. The latest …
Tag: OPEC
Overawed By Trump, OPEC Struggles To Strike A Balance In Global Oil Market
By K Raveendran OPEC+ has recalibrated its production strategy, extending voluntary output adjustments to stabilize oil markets in the face of uncertain global demand and …
OPEC+ Ministers Maintain Oil Output Levels Amidst Ongoing Talks
Oil-producing nations in the OPEC+ alliance have decided to maintain the current output policy following a key meeting. The gathering of ministers, which occurred as …
OPEC Fund Approves US$1.2 Billion in New Development Financing
The OPEC Fund for International Development has approved nearly US$1.2 billion in new funding aimed at advancing development initiatives across several sectors in partner countries. …
India Urges OPEC+ to Boost Oil Production Amid Growing Fuel Demand
The Indian government is calling on the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, to increase oil production. …
OPEC Plus Delays Plan to Increase Oil Output
OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to …
OPEC+ Extends Production Cuts to Avert Immediate Oil Surplus
OPEC+ has opted to prolong its production restraint by two months to prevent a looming oil surplus this year. This decision comes as economic indicators …
Oil Prices Drop as OPEC+ Production Forecasts Loom Large
Oil prices declined on Monday as market participants adjusted their strategies in light of anticipated increases in OPEC+ production starting in October. The price of …
OPEC+ Expected to Follow Through with October Output Increase Amid Global Market Shifts
Arabian Post Staff -Dubai OPEC+ is on track to implement its scheduled oil output increase in October, even as global energy markets experience fluctuations due …
OPEC+ Weighs Options on Planned Oil Output Amid Uncertain Market Conditions
OPEC+ faces a critical decision in the coming weeks as it evaluates whether to move forward with its planned oil production increases scheduled to begin …