OPEC has just cut its demand forecast for 2024 and 2025. Non-OPEC+ producers are expected to pump more oil next year. OPEC+ unity will face a serious test in 2025 if oil prices do not rebound from ...

“The U.S. oil sector, however, does not exist in a vacuum - and signs that the U.S. is ramping up production could provoke a ...

However, the key assumption behind this is that OPEC+ will go ahead with the gradual unwinding of 2.2m b/d of additional voluntary supply cuts. This leaves a big risk in our view because if OPEC+ ...

WEAKENING demand, coupled with increased supply, is forcing OPEC+ to refrain from taking any action to introduce more oil into the market. Also, the ongoing rise in U.S. crude oil production, which is ...

Image Credit: Gulf News archives OPEC+ agreed to push back its December production increase ... In June, the Organization of ...

OPEC+ agreed to push back its December production ... the Organization of Petroleum Exporting Countries and its partners outlined a road map to gradually restore in monthly tranches 2.2 million ...

“The market has been incorrectly viewing Opec+ as wanting to flood the market to regain market share,” but instead, their “primary focus remains keeping oil inventories under control”. In June, the ...