Momentum is building among oil producers behind the idea of cutting crude production to stabilize the market, with OPEC’s president the latest to back Saudi Arabia’s suggestion that the ...

Momentum is building among oil producers behind the idea of cutting crude production, with OPEC’s president the latest to back Saudi Arabia’s suggestion.

OPEC is a participant at COP28. Unlike the United States, it is moving to cut production. By Jim Tankersley Reporting from the COP28 climate conference in Dubai, United Arab Emirates In a far ...

OPEC bases its projection on stronger global economic growth for 2024, estimating it will rise by 2.8%, as compared to 2.6% for 2023. By contrast, the IEA projects global economic growth to be cut ...

OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third ...

The call is set for noon Vienna time, with the agenda focused on “consensus building around maintaining the sped-up increment of 411K for June.” Brent crude had slipped nearly 1% by late ...

OPEC also slashed its forecast of global oil demand growth for 2025, lowering the expected growth by 102,000 bpd to 1.6 million bpd. Total global oil demand is thus expected to average 105.8 ...

By Ahmad Ghaddar (Reuters) -The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela.. Output from the ...

On Monday, OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month.