OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged ...

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 ...

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 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 producer group's third ...

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 ...

In its Monthly Oil Market Report for October, OPEC disclosed that the country’s crude production fell from 1.352mbpd in August to 1.324mbpd in September. This, it said, indicated that the ...

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 ...

In September, the OPEC Reference Basket (ORB) value declined by $4.82/b, or 6.1%, m-o-m, to average $73.59/b. The ICE Brent’s front-month contract fell by $6.01, or 7.6%, m-o-m, to average $72.87/b.

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 producer group's third ...

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.