Oil prices hold near 2-week low after OPEC cuts demand view, …
3 days ago · Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar ...
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary …
Oct 3, 2024 · Oil prices year-to-date. Given that oil demand growth next year probably won’t be much more than 1 million barrels a day, a full unwinding of OPEC+ supply cuts in 2025 would “undoubtedly see a ...
Oil slips towards 2-week low on gloomy demand outlook
2 days ago · Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China.
OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth …
2 days ago · 3:12. OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China. Global oil consumption will ...
Oil Inches Higher But Demand Outlook Weighs on Sentiment
1 day ago · In its monthly report, OPEC said it expects global oil demand to increase by 1.82 million barrels a day in 2024, which is lower than the October estimate of 1.93 million barrels a day. OPEC also ...
OPEC says Russian oil output broadly stable in October
2 days ago · Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday, citing data ...
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Nov 5, 2024 · State-run producer Saudi Aramco will sell its flagship Arab Light crude grade at a premium of $1.70 a barrel to the regional benchmark, according to a price list from the company, compared with $2 ...
OPEC Plans a Gradual Unwinding of Production Cuts
Jun 2, 2024 · It aims to bolster oil prices by promising that deep production cuts will extend through next year. But it also spells out a gradual phase out of a portion of the cuts.
Kazakhstan Again Misses OPEC+ Target for Cutting Oil Output
2 days ago · Kazakhstan lowered oil production sharply in October, with maintenance work closing one of its main fields, but still failed to meet its OPEC+ output cuts target. The Central Asian nation pumped 1 ...
News - OPEC
OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September. 10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.