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A growing institutional rift exists between the EIA, IEA, and OPEC regarding global oil demand forecasts, driven by differing goals, which have not changed since their last monthly forecasts.

Oil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the ...

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OPEC's spare oil production capacity is the go-to argument by many analysts when the threat of higher prices rears its head. The latest International Energy Agency monthly report was no exception.

Opec has revised down its global oil demand growth forecasts for both 2024 and 2025 for the third time, citing updated actual data and a slight decline in demand expectations in certain regions. In ...

Based on the OPEC data, the increase in Iran’s oil production comes as the total production by the members of the organization decreased 604,000 bpd in the mentioned month. As reported, Iran has ...

OPEC cut its forecast for global oil demand growth in 2024 and also lowered its projection for next year In Picture: The logo of the OPEC.(REUTERS) The Organization of the Petroleum Exporting ...

OPEC’s latest Oil Market Report sheds light on the shifting dynamics of the global energy sector. The closely watched report not only provides an updated forecast on demand growth but also dives ...

An additional 130,000 barrels a day came from Iraq, which had been under significant pressure to reduce its output relative to its OPEC quota. Other nations in the OPEC+ group of exporters held their ...

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.