OPEC does not foresee a peak in global oil demand in its long-term forecast, anticipating an increase to 116 million barrels per day (bpd) by 2045, potentially even higher, according…
OPEC
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The 1970s were a transformative decade for the global energy landscape, marked by a series of events that reshaped international economic and political dynamics. Central to this transformation was the…
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The Organization of the Petroleum Exporting Countries (OPEC) has long been a focal point of global energy discussions, often scrutinized for its influence over oil prices and market dynamics. At…
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The Organisation of the Petroleum Exporting Countries (OPEC) plays a crucial role in shaping global oil markets through its production policies. Azerbaijan, a significant oil-producing nation, often finds itself influenced…
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The Organization of the Petroleum Exporting Countries (OPEC) is a key player in the global oil market, influencing oil prices and production levels worldwide. Established in 1960, OPEC’s primary mission…
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The Organization of the Petroleum Exporting Countries (OPEC) has been a pivotal entity in the global oil market since its establishment in 1960. Comprising 13 member countries, OPEC’s influence on…
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The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market, influencing prices and production levels of one of the world’s most vital commodities.…
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The recent decision by OPEC+ to phase out production cuts from October 2024, coupled with a pledge to extend oil cuts until 2025, has sparked market concerns about potential oversupply…
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In response to a backdrop of subdued demand growth, burgeoning U.S. production, and elevated interest rates, the OPEC+ alliance has taken the decision to prolong the majority of its oil…
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Oil production within the Organization of the Petroleum Exporting Countries (OPEC) experienced a notable uptick in May.The survey, which draws on shipping data and insights from industry sources, revealed that…