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.

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 ...

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 ...

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 ...

MOSCOW, Oct 14 (Reuters) - Russia cut crude oil output in September by 28,000 barrels per day (bpd) to about 9 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on ...

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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 ...

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 ...

Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost Exxon, Chevron, Shell, BP post production gains as crude drops OPEC plans to add barrels to the market starting in December ...

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient OPEC’s crude oil production slumped by 604,000 barrels per day (bpd) in September compared to ...

OPEC said this year's demand growth was still above the historical average of 1.4 million bpd seen prior to the COVID-19 pandemic, which caused a plunge in oil use. For next year, OPEC cut its ...