OPEC cuts oil demand forecast for 2024 due to weak intake from China

Aug 12, 2024

The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.

Oil demand will grow 2.25 million bpd: OPEC

Apr 12, 2024

In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global...

Fitch Ratings adjust oil and European gas price assumptions for 2024 and 2026

Dec 09, 2023

Fitch Ratings has revised its near-term oil and European gas price assumptions, citing OPEC+'s sustained control over supply and ongoing dynamics in the energy...

World oil demand growth revised by some 0.16 mn bpd: OPEC

Nov 11, 2021

Vienna [Austria], November 11 (ANI/Sputnik): OPEC on Thursday revised the world oil demand growth forecast and lowered it by some 0.16 million barrels per...

Relationship with India is solid, says OPEC Secretary General

Feb 07, 2023

In an exclusive interaction with ANI, OPEC Secretary General Haitham Al Ghais said that reduced oil import by India with OPEC countries doesn't affect...

OPEC lowers global economic, oil demand forecasts

May 12, 2022

Vienna [Austria], May 12 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) on Thursday revised its forecasts for this year's global economic growth...