Tag: OPEC+

The International Energy Agency (IEA) has projected that global oil supply will exceed demand by over 1 million barrels per day (bpd) in 2025, despite ongoing production cuts by the ...

West Africa-focused Tullow Oil has reported a rise in profit for the first six months of 2024, driven by higher crude prices. The company's performance has been bolstered by favorable ...

Oil futures reached a seven-week high on Thursday as new data indicated a cooling U.S. jobs market, enhancing hopes that the Federal Reserve might cut interest rates this year. Additionally, ...

The head of the Institute for Energy Security (IES), Nana Amoasi VII, has predicted a notable rise in fuel costs in the coming weeks. On April 3, 2024, the National ...

The Organization of the Petroleum Exporting Countries (OPEC) has reaffirmed its positive outlook for global oil demand in 2024 and 2025, while also revising its economic growth forecasts upwards for ...

Oil prices faced a downward spiral of approximately 1% on Thursday, November 23, 2023 amplifying losses triggered by the postponement of a crucial OPEC+ meeting. The decision to delay the ...

The International Energy Agency (IEA ) Oil Market Report (OMR) has disclosed that crude oil refiners are struggling to meet the ever increasing growth in demand as the shift to new ...

The International Energy Agency (IEA) in its monthly oil market report on Friday, August 11, 2023 has projected oil prices to further go up for the rest of the year ...

Saudi Arabia and other OPEC+ oil producers have announced a surprise cut in oil output of around 1.16 million barrels per day, in a move that has started causing an ...

The outcome of the brief meeting, held via videoconference, suggested that Organization of the Petroleum Exporting Countries and its allies (OPEC+) will maintain oil production levels as the G7 and ...