Expected growth in the developing world sees OPEC raise oil demand outlook
The Organization of the Petroleum Exporting Countries (OPEC) has upped its oil demand forecast for the medium-to-long term, citing Indian,…
OPEC
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Traders predict oil prices of $60 per barrel as global oversupply takes it toll
Oil prices are expected to fall to between $60 and $70 per barrel (bbl) as a result of continuing oversupply,…
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Planned OPEC+ output rise likely as Libya’s political turmoil continues
Oil organization OPEC+ is likely to implement a planned rise in oil output in October as a way to balance…
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Electrification should not be seen as oil’s “great rival”, says OPEC head
Electrification should not be seen as oil’s “great rival” and energy sources are not “locked in a zero-sum game”, according…
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US lawmakers formally introduce OPEC collusion bill
US lawmakers have formally introduced a bill to hold energy companies to account if they are found to have colluded…
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OPEC+ not expected to change supply levels after market and price stabilisation
Delegates for OPEC+ member nations do not expect the extended energy group’s coming monitoring session to make any changes to…
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OPEC raises 2024 economic growth projection to 2.9%, sees rising oil demand
OPEC still foresees reasonably strong economic growth around the world for the rest of this year and into 2025, prompting…
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OPEC’s oil output remains steady but some members still pumping too much
With just a few members exceeding their agreed limits, oil production from the Organization of the Petroleum Exporting Countries (OPEC)…
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OPEC/Big Oil price collusion suspicions: US Senate starts investigation
The budget committee of the US Senate has started an investigation into suspicions of collusion between several domestic oil producers…
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Russia exceeds OPEC+ May output target, vows to get back in line
Russia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in May and…
