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Category opec

Global oil supply growth outpaces demand growth, but indicators point to tighter market conditions

Global oil supply growth outpaces demand growth, but indicators point to tighter market conditions

According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point to a large surplus. T...
OPEC embraces optimism in latest forecast, calls 19% oil demand surge in 2050

OPEC embraces optimism in latest forecast, calls 19% oil demand surge in 2050

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels...
OPEC increases supply as Trump delays tariffs

OPEC increases supply as Trump delays tariffs

Oil prices moved back over $67 a barrel after Saudi Arabia unexpectedly raised prices for its Arab Light crude sold to buyers in Asia, according to...
The oil market's supply and demand balance is off - IEA report

The oil market's supply and demand balance is off - IEA report

The International Energy Agency says that in 2025, the world will produce more oil than it needs, even as the Israel-Iran conflict raises the risk ...
OPEC increases output to stabilize market

OPEC increases output to stabilize market

The global oil market is back in chaos after Israel launched military strikes against Iran on Friday. The move pushed crude oil prices up 8% to $74...