Tag:

OPEC

OPEC Reveals 2025 Oil Demand Forecast in Unprecedented Move

The Organization of the Petroleum Exporting Countries (OPEC) unveiled its first-ever forecast for 2025 in its monthly report released on Wednesday. The report maintains OPEC’s...

OPEC+ Members Agree to Voluntary Output Cuts to Stabilize Volatile Oil Market

In a bid to stabilize the volatile oil market, OPEC+ members have agreed on voluntary production cuts totaling approximately 2.2 million barrels per day...

OPEC Forecasts Slight Dip in Oil Demand Growth for 2024

In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) has projected a slight deceleration in global oil demand growth for the...

OPEC+ Successfully Balances Global Oil Market, Eyes Future Challenges and Geopolitical Shifts

In a commendable display of cooperation, the OPEC+ alliance’s strategic production cuts have proven effective in stabilizing the global oil market, attracting a shift...