Why OPEC is downgrading its demand forecast for the 3rd time in 3 months
​OPEC is now forecasting that demand for oil will grow more slowly than it had previously expected for the rest of this year and for 2025. It’s the third time in as many months that the Organization of the Petroleum Exporting Countries has downgraded its forecast.
OPEC cuts global oil demand growth estimate for third consecutive month, citing actual consumption data and reduced ...
June Non-OPEC oil production increased by 106 kb/d to 52,549 kb/d. The largest increases came from Canada and Brazil while ...
Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to curbing supply. That bodes ...
Israel and Iran are fighting at a time when prices are under pressure because of weak demand in China and concerns about ...
DUSHANBE. Oct 11 (Interfax) - The OPEC Fund for International Development or OPEC Fund has signed an agreement with Tajikistan on providing the first $25 million to build the Rogun hydropower plant ...
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