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 ...

LONDON, Oct 14 (Reuters) - OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the ...

Crude oil prices fell Monday after the Organization of the Petroleum Exporting Countries (OPEC) reduced its oil demand outlook for 2024 and 2025 once again, citing data received so far this year.

OPEC and its allies aren’t likely to bring oil output back this year because producers are “making huge money” from refined products, according to Rystad Energy. “Our view is that they ...

OPEC has revised its global oil demand growth forecast for 2024 and 2025 downward. The primary driver of the revision is weaker-than-expected Chinese oil demand growth. Slower economic activity ...

The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices ...

Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its allies are preparing to increase the supply ...

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...

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Oil prices (CL=F, BZ=F) fall after OPEC cut its forecast for global oil demand in 2024.Yahoo Finance's Ines Ferré joins Market Domination Hosts Julie Hyman and Josh Lipton to break down the ...

VIENNA, Oct. 29, 2024 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) concluded its participation in the 2024 World Bank-IMF Annual Meetings with robust new financing ...

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