World News Opec Further Cuts World Oil Demand Forecasts Marketwatch
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Oil prices plunge as OPEC forecasts supply matching demand in 2026, no longer sees deficit
Crude oil prices fell sharply, pressured by mounting concerns of an oversupplied market after OPEC said it now expects a balanced market in 2026, altering its earlier forecast of a deficit. Read More
OPEC Holds Oil-Demand Forecast Steady While Pointing to Rising Global Inventories
The Vienna-based cartel expects global oil demand to grow by 1.3 million barrels a day this year and 1.38 million barrels a day the next, as the global economy is projected to maintain steady growth. Read More
Oil prices fall more than $2/bbl as OPEC says 2026 supply to match demand
Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply ... Read More
OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More
LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ... Read More
World oil and gas demand could grow until 2050, IEA says
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. Read More
So long, peak oil: World demand could now grow until 2050, a top agency says
Global demand for oil and natural gas could grow until 2050, the International Energy Agency said Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following ... Read More
OPEC Remains Upbeat on Global Oil Demand Growth
OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ... Read More
OPEC Sticks to Oil Demand Forecast But Flags Fiscal Concerns, Lingering Trade Uncertainty
The Organization of the Petroleum Exporting Countries left its oil-demand forecasts steady as it works to revive more production, but pointed to fiscal concerns and persistent trade uncertainties. The ... Read More
June World And Non-OPEC Oil Production Rise
The World’s June oil production increased by 895 kb/d to 84,184 kb/d. For December 2026, production is projected to be 85,538 b/d, an upward revision of 853 kb/d from last month. World oil production ... Read More
OPEC+ Oil Production Jumped by 630,000 Bpd in September
The members of the OPEC+ group boosted their production in September by 630,000 barrels per day (bpd) from August as the alliance last month completed the unwinding of 2.2 million bpd cuts that began ... Read More
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