Oil Prices Dip Amid OPEC’s Global Demand Reduction
Vienna October 14 2024: Oil drops as OPEC on Monday cut its forecast for global oil demand growth in 2024 ...
Tag: OPEC
Welcome to the OPEC category page, your source for comprehensive information about the Organization of the Petroleum Exporting Countries. OPEC, established in 1960, is a vital player in the global energy market, uniting major oil-producing nations in a collaborative effort to stabilize prices, ensure a steady supply, and promote the interests of both producers and consumers.
With 13 member countries, OPEC’s influence on the world economy is undeniable. Through strategic cooperation, production quotas, and market analysis, OPEC seeks to maintain a balanced oil market that benefits all stakeholders. The organization plays a pivotal role in addressing energy challenges, adapting to geopolitical shifts, and addressing environmental concerns.
Learn about OPEC’s history, its member nations, and the crucial decisions that shape the energy lan
Oil Prices Rise on Middle East Supply Risks as Israel Steps up Attacks
Singapore September 30 2024: Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle ...
Oil Prices Dip as Weak Demand Offsets Supply Disruptions from Gulf Storm
Singapore September 10 2024: Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm ...
OPEC+ Agrees to Delay October Oil Output Hike for Two Months – Reuters
Vienna September 6 2024: OPEC+ has agreed to delay a planned oil output increase for October and November after crude ...
OPEC+ Extends Deep Oil Production Cuts into 2025
Riyadh June 3 2024: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 ...
Oil Rises as OPEC+ Expected to Keep Output Cuts in Place
Singapore May 29 2024: - Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a ...
OPEC+ Likely To Extend Production Cuts In June
LONDON, May 3 (Reuters) - Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for ...
Oil Prices Fall After Iran Attack As Market Draws Down Risk Premium
SINGAPORE, April 15 2024 : Oil prices fell during trade on Monday, as market participants dialled back risk premiums following ...
Citi Slashed Crude Oil Forecast For Next Year To $60 Per Barrel Citing Oversupply Concerns
Singapore January 12 2024: Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply ...
OPEC+ October Production Rises Due To Higher Production by Iraq And Iran, Platts survey
Abu Dhabi November 13 2023: OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P ...
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