IEA Expects Global Oil-Demand Growth to Slow Further in 2025

By Giulia Petroni The International Energy Agency cut its forecast for oil-demand growth this year and said the pace of expansion is set to ... Read More

OPEC Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast

The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next. Read More

IEA Cuts 2024 Oil Demand Growth Forecast

Global oil demand growth is slowing due to “exceptionally weak” deliveries in developed economies at the start of the year, the International Energy Agency (IEA) said on Friday ... Read More

Opec: Oil demand remains robust despite price rises

Oil producer group Opec predicted continued high global demand in 2024 despite prices hovering at $90 a barrel. The organisation expects world oil demand to increase by 2.25m barrels per day (bpd) ... Read More

World Oil Demand Jumped To 5-Year Seasonal High in February

Global oil demand jumped by 1.2 million barrels per day (bpd) in February from January, hitting a five-year seasonal high, with seasonal-high demand for gasoline and an all-time high oil demand in Ind ... Read More

Don’t Believe The Critics: OPEC Cuts Are Working

When OPEC and its partners led by Russia first announced additional oil production cuts last year, the market brushed it off. Prices fell. Forecasts for peak oil demand echoed off news publications. Read More

OPEC sees robust summer oil demand, economic upside potential

OPEC sees world economic growth of 2.8% in 2024, steady from last month, and said the U.S. economy was set to give the traditional summer boost to fuel demand. "The upcoming driving season in the U.S. Read More

IEA lowers global oil demand forecasts on weak OECD consumption

The International Energy Agency has revised down its prediction for oil demand growth this year, due to lower-than-expected consumption and a decline in industrial activity in Organisation for ... Read More

Crude Oil News Today: Extended OPEC+ Cuts Tighten Global Oil Supply

This upward trend was driven by factors such as OPEC+ production cuts, disruptions in Russian ... a positive sign for oil demand from the world’s largest crude importer. These developments ... Read More

OPEC+ Cuts Are Tightening the Oil Market

(Bloomberg) -- When OPEC+ ministers take stock of global oil markets next week, they’ll see plenty of evidence that their production cuts are working ... Cracks in World of Climate Finance ... Read More

OPEC maintains bullish 2024 oil demand forecast despite price drop

VIENNA, Dec. 13 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday maintained its previous forecast for a healthy global oil demand ... cuts totaling 2.2 million ... Read More

Oil prices lifted by forecasts for extended OPEC+ cuts

A lot of reasons why we have been seeing oil rallying. One is OPEC, the expectation that OPEC will continue with its production cuts at least ... something about the demand side as well. Read More