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 ...

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, ...

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 ...

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 ...

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 ...

THE PESO recovered against the dollar on Wednesday as global oil prices stayed near a two-week low after the Organization of the Petroleum Exporting Countries’ (OPEC) downward revision of its global ...

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 ...

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 ...

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.

In its Oil Market Report on Thursday, the IEA noted that OPEC’s crude oil production rose to 26.97 million barrels per day (bpd) in October, up by 210,000 bpd from the previous month.