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 ...

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 ...

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 ...

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 ...

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 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 ...

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 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 ...

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 ...

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 has further trimmed its global oil demand growth view for this year and cut its outlook for 2025, its third consecutive downward revisions in recent months. The producer group revised its ...