As OPEC+ prepares for its forthcoming meeting, the organization stands at a pivotal juncture that could significantly impact global oil markets. With autumn approaching, key decisions regarding production levels are…
OPEC
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Haitham Al Ghais, Secretary General of OPEC, asserted that the organization does not view energy sources as a zero-sum game. Al Ghais refuted the idea that electrification is a direct…
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The Organisation of Petroleum Exporting Countries (OPEC) has highlighted the potential impact of the Dangote Refinery, located in Nigeria, on Europe’s oil industry. According to OPEC’s June 2024 Oil Market…
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The Organization of the Petroleum Exporting Countries (OPEC) revised its forecasts for global oil demand growth, citing shifting economic conditions and updated market data. The adjustment underscores the increasing complexity…
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Oil prices dropped on Tuesday following a downward revision in OPEC’s global oil demand growth forecast for 2024, largely attributed to weakened consumption in China. As of 10:39 a.m. UAE…
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As OPEC+ prepares to boost oil production starting in October, global oil demand growth must accelerate in the coming months to avoid potential market imbalance. Despite expectations, oil demand growth…
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After turning away from $100-per-barrel oil in June, OPEC+ now confronts the task of establishing a stable floor around $75 per barrel. Although Saudi Arabia, Russia, and their coalition partners…
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In a recent online meeting of the Joint Ministerial Monitoring Committee (JMMC), top OPEC+ ministers decided to maintain their current oil output policy. The meeting, which included representatives from the…
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Key ministers from the Organization of the Petroleum Exporting Countries and their allies, collectively known as OPEC+, will meet on Thursday to discuss their output policy. They are unlikely to…
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Former President Donald Trump has alleged that the Organization of the Petroleum Exporting Countries (OPEC) is deliberately driving down oil prices to benefit Vice President Kamala Harris, suggesting her potential…