[Stay on top of transportation news: Get TTNews in your inbox.] OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that ...

(Bloomberg) -- OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and ...

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has argued that taxes collected by several governments and not necessarily crude oil prices ...

OPEC and Saudi Arabia have repeatedly said they do not target a certain price and make decisions based on market fundamentals and in the interest of balancing supply and demand. The output ...

Global demand for oil is set to climb over the next two decades, with the fossil fuel expected to hold a nearly 30% share of the energy mix even as the world ramps up efforts to reduce emissions ...

The OPEC+ alliance is not discussing any proposals of changes to its current oil production plan, which envisages the group starting to add supply to the market in December, Russia’s Deputy ...

OPEC raised long-term oil demand forecasts, citing growth in India, Africa, and the Middle East. Smartsheet was sold for $8.4 billion to Blackstone and Vista. Visa faces an antitrust lawsuit over ...

OPEC's recent decision to pause production increases has stabilized oil prices, demonstrating the group's ongoing influence on global markets. The US, despite being the world's top oil producer ...

LONDON, Sept 10 (Reuters) - OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year ...

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday. The cartel had held firm to its initial 2024 ...