OPEC lowered its global oil demand growth forecast for 2024 and 2025 due to weaker demand revisions in China and other Asian markets. This marks the fourth consecutive month of downward revisions ...

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China. Global oil consumption will increase by ...

Crude oil is dispensed into a bottle in this illustration photo. — REUTERS LONDON – OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, ...

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group’s fourth consecutive ...

THE Organisation of Petroleum Exporting Countries, OPEC, yesterday, said Nigeria’s oil output, excluding condensate, was 1.434 million barrels per day, bpd, in October 2024. 1000){r=r.substring ...

Bloomberg survey: OPEC production rose by 370,000 bpd in October. Libya’s output recovery led OPEC to raise its production to nearly 30 million barrels daily. Iraq, Iran and Saudi Arabia saw ...

Crude output from the Other 8 OPEC producers (those not part of the Big 4) has risen at an average annual rate of 447 kb/d for the past 36 months. The OPEC Monthly Oil Market Report (MOMR ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis. Supplies from the Organization of Petroleum Exporting Countries increased by ...

It's the culmination of a multi-year period that saw OPEC+ members cut production to support higher market prices, only to be undercut by expanding production from non-OPEC exporters. Looking into ...

Crude oil prices have dropped nearly 9% from an early October high of $80.35 per barrel, with Brent crude struggling to stay above $75 as OPEC lowers its global oil demand forecast for the fourth time ...