Global World News Opec Cuts 2025 Global Oil Demand Growth Forecast, Citing Us Tariffs
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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
Oil Prices Slump as Global Stockpiles Surge and OPEC Flags a 2026 Glut
Crude oil prices fell as surging inventories, bearish supply forecasts, and muted demand overshadowed geopolitical risks and the end of the U.S. government shutdown. Read More
OPEC Holds Oil-Demand Forecast Steady While Pointing to Rising Global Inventories
The cartel’s estimates remain well above the International Energy Agency’s. Read More
OPEC shifts oil outlook to see small surplus in 2026
The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier ... 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 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
OPEC Reaffirms Global Oil Demand Growth Of 1.3 Million BPD This Year
Oil production in October slipped by 73,000 bpd to 43.02 million barrels per day. ・OPEC reaffirmed its forecast of global oil demand growth of 1.3 million barrels per day this year. ・OPEC trimmed ... Read More
OPEC maintains forecast for global oil demand growth in 2025-2026
In 2026, OPEC projects that oil demand will rise by an additional 1.4 mln bpd to 106.5 mln bpd MOSCOW, October 13. /TASS/. Global oil demand in 2025 is expected to increase by 1.3 mln barrels per day ... 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
OPEC Ready to Raise Oil Output if Required After US Sanctions on Russia, Kuwaiti Minister Says
KUWAIT (Reuters) -OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on Russian oil ... 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
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