OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
Tag : OPEC
OPEC further trims global oil demand outlook for 2024 & 2025
OPEC maintained its prediction from September 2024 that the global economy would expand by 2.9% in 2025 and 3.3% in 2024, respectively...
Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand
The world's second-biggest economy and top oil importer, China, announced fiscal stimulus measures recently, but the impact on oil prices was muted...
OPEC+ agrees to delay October 2024 oil output hike for two months
On December 1, OPEC+ ministers convene as a full group to decide on policy...
Qatar & Kuwait LNG supply deal: All you need to know
In 2020, Kuwait and Qatar agreed to deliver 3 million tons of LNG annually for 15 years starting in 2022, aligning with the current agreement...
OPEC predicts increase in global oil demand, IEA differs
OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...
Goldman Sachs lowers Brent crude price projection due to high US production
Goldman Sachs revised its forecast for Brent, which was earlier expected to average USD 92 per barrel to a peak of USD 85 per barrel in June 2024...
OPEC can see healthy growth in 2024
All 13 OPEC members as well as a few other economies that rely heavily on fossil fuels received a letter from Secretary General Haitham Al Ghais, Reuters reported...
China oil prices fall scepticism on OPEC+ cuts
Fears regarding the state of China's economy have also contributed to the bearish sentiment...
IF Insights: Why isn’t the Iraq-Turkey oil pipeline functional yet?
Iraq, the second-largest oil producer in OPEC, exports about 85% of its crude oil through ports in the south...