Tag: Opec
OPEC revises upwards long-term oil demand
by Alex Lawler LONDON (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) has revised upwards its forecasts for global oil demand in the medium and long term and…
“Countries are rethinking energy transition”: OPEC expects increasing oil demand
“Countries are rethinking energy transition” OPEC expects increasing oil demand October 9, 2023, 4:15 p.m Listen to article This audio version was artificially generated. More info | Send feedback The…
Market: OPEC revises upward long-term oil demand
by Alex Lawler LONDON (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) has revised upwards its forecasts for global oil demand in the medium and long term and…
OPEC wants to be optimistic about demand
Published on 03/10/2023 at 06:53 a.m. Photo credit © Reuters ABU DHABI (Reuters) – The Organization of…
20% increase since May – fuel prices at record levels and the state is cashing in
With the sharp increase in the price of crude oil, the prices at our gas stations are also increasing significantly. Since May, the average has increased by a whopping 20…
Oil: a deficit expected in Q4 with the reduction in OPEC+ supply, according to the IEA
Published on 09/13/2023 at 12:01 p.m. by Natalie Grover and Alex Lawler LONDON, September 13 (Reuters) – The extension of voluntary oil production…
Market: OPEC maintains its forecast for growth in oil demand
LONDON (Reuters) – OPEC maintained its forecast on Tuesday for robust growth in global oil demand in 2023 and 2024, citing the fact that the largest economies are doing better…
OPEC and Russia maintain a restrictive policy that drives up prices at the pump
The oil terminal operated by Saudi Aramco, in Ras Tanura (Saudi Arabia), in March 2018. RENE TCHEKOF MINOSA / EPICUREANS Hot shot at the pump for vacationers. Motorists must pay…
Brent oil: Why oil is not soaring despite the production cuts decided by OPEC +
(BFM Bourse) – Since November 2022, OPEC and its allies have drastically reduced their production to support oil prices. But this decision had only a limited impact on the black…
OPEC wants to remain bullish on demand outlook for 2024
Published on 07/06/2023 at 2:44 p.m. by Alex Lawler and Dmitry Zhdannikov VIENNA, July 6 (Reuters) – OPEC is likely to stick to…
Market: OPEC+ reform strengthens the weight of the Gulf countries
by Ahmad Ghaddar London (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman unveiled one of the biggest reforms to the Organization of the Petroleum Exporting Countries (OPEC) in…
Market: OPEC+ will limit its production until 2024, Ryad will reduce its in July
by Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) – Saudi Arabia decided on Sunday to cut oil production drastically in July, a move that comes on top…