World demand growth to slow to 2.7 million bpd in 2023 Sees higher demand growth than IEA OPEC June output rises 234,000 bpd after May decline LONDON, July 12 (Reuters) – OPEC expects global oil […]
Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the global economy. The U.S. president’s […]
OPEC+ pumped more than 2.5 million barrels per day (bpd) below its target in June, despite a rebound in Russia’s oil production that helped the group’s output rise by 730,000 bpd from May, according to […]
To get Platts OPEC+ survey sooner, join Platts Dimensions Pro. OPEC and its Russia-led allies hiked crude oil production by 390,000 b/d in June, according to the latest Platts survey by S&P Global Commodity Insights, though […]
For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little too far. Analysts are now […]
Following the publication of BP’s annual Statistical Review, each year Rystad Energy releases our own analysis of the global energy landscape to provide an independent, data-based comparison and evaluation. Continuing the trend from previous years, […]
OPEC and non-OPEC partners, a group sometimes referred to as OPEC+, concluded a meeting via videoconference by deciding to stay the course with its production policy. It means the Middle East-dominated group will increase monthly […]
Crude oil futures inched higher in the mid-morning trade in Asia June 30 on the back of investors awaiting the outcome of the OPEC+ meeting taking place later today and the US data showing a […]
(Bloomberg) — OPEC+ is more than half a billion barrels behind on its pledge to supply world markets with oil, exacerbating concerns about the group’s ability to balance the global market. In May 2020, the […]
G7 agrees to explore cap on Russian oil price Macron tells Biden that UAE, Saudi can barely raise oil output Political unrest in Ecuador, Libya could further tighten supply Delayed U.S. weekly oil data to […]
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