OPEC cuts ’24 global oil demand forecast
The Organisation of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in…
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Organisation of the Petroleum Exporting Countries (OPEC)
Oil prices fall as China stimulus disappoints
Oil prices edged lower on Tuesday as investor sentiment was dampened by concerns over China's latest economic…
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
Saudi Aramco profit falls 3.4% in Q2 ’24
Saudi Arabia's state oil producer Aramco reported a 3.4 per cent decline in second-quarter net income on Tuesday.
China’s May commodity imports show mixed picture
China's imports of key commodities in May were mixed, with some sectors weak and others showing signs of strength.
OPEC head sees share of Indian oil imports to grow again
The Organisation of the Petroleum Exporting Countries (OPEC) is poised to win a bigger share of India's oil imports…
S. Arabia’s overall merchandise exports fall by 15.6% in Nov.
Saudi Arabia's overall merchandise exports declined by 15.6 per cent in November 2023 to 95 billion Saudi riyals,…
OPEC expects global oil demand at 1.8 mb/d in 2025
The global oil demand growth is expected to see a robust increase of 1.8 million barrels a day (mb/d) in 2025,…
Angola is leaving OPEC over output cut disagreement
Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) as membership is not serving its…
OPEC+ panel keeps oil output policy unchanged
The OPEC+ ministerial panel met on Friday and decided to keep its current oil production policies unchanged.
