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          Opec

          A cargo ship on the Huangpu River in Shanghai. China, the world's second-largest economy, has driven oil demand growth for the past two decades. EPA

          Oil prices post weekly loss on concerns over crude demand growth

          EnergyDecember 20, 2024
          Last week, Opec announced that it has extended its supply cuts until the end of 2026. Reuters

          Opec cuts 2024 oil demand forecast amid weaker quarterly data

          EnergyDecember 11, 2024
          Opec+ introduced the cuts of 2 million barrels per day in October 2022. Reuters

          What if Opec+ had chosen not to cut oil output two years ago?

          EnergyDecember 09, 2024
          For the week ending December 6, Brent prices lost more than 2.5 per cent, while WTI posted a drop of 1.2 per cent. Reuters

          Oil posts weekly loss despite Opec+ extending voluntary output cuts

          EnergyDecember 07, 2024
          Opec's headquarters in Vienna, Austria. Current balances suggest global oil supply will exceed demand by more than one million bpd next year, the International Energy Agency said in November. EPA

          Opec+ extends voluntary output cuts of 2.2 million bpd until March 2025

          EnergyDecember 05, 2024
          People wave Hezbollah flags in Lebanon's Tyre after a ceasefire between Israel and Hezbollah came into effect on Wednesday. Reuters

          Oil prices steady after Israel-Hezbollah ceasefire deal

          EnergyNovember 27, 2024
          The port of Luanda. Angola's economy is forecast to grow by 3.4 per cent in 2024. AFP

          Angola aims to maintain oil output of 1.1 million bpd until 2030

          EnergyNovember 19, 2024
          Storage tanks at Kinder Morgan Terminal in California. Opec had lowered its oil demand forecast for next year. Reuters

          Opec cuts oil demand forecast once again for 2024 and 2025

          EnergyNovember 12, 2024
          From left, moderator Becky Anderson from CNN, Murray Auchincloss, CEO of BP, Wael Sawan, CEO of Shell, Tengku Muhammad Taufik, CEO of Petronas, Musabbeh Al Kaabi, executive director of Low Carbon Solutions & International Growth at Adnoc, and Claudio Descalzi, chief executive of Eni at a panel session at Adipec. Antonie Robertson / The National

          World's oil firm bosses see Middle East conflict as greatest threat

          EnergyNovember 04, 2024
          Suhail Al Mazrouei, the UAE's Minister of Energy and Infrastructure. EPA

          UAE minister: Opec+ does 'noble job' balancing oil market

          EnergyOctober 02, 2024
          The pain of lower oil prices would be immediate, the uncertainties immense, but the long-term result far preferable. Reuters

          Why Opec's next move needs to focus on long-term objective

          EnergySeptember 30, 2024
          A ship is moored near storage tanks at an oil refinery off the coast of Singapore. Reuters

          Opec boosts long-term oil demand outlook, driven by developing world growth

          EnergySeptember 24, 2024
          Global oil demand growth is now forecast to reach 2 million bpd this year, down 80,000 bpd from Opec's previous estimate. Reuters

          Oil prices fall below $70 for first time since 2021

          EnergySeptember 11, 2024
          Opec headquarters in Vienna, Austria. Production by Opec’s 12 members averaged 26.59 million bpd last month, 197,000 bpd lower than in July. EPA

          Opec revises down oil demand forecast for second straight month

          EnergySeptember 10, 2024
          The Liberia-flagged liquefied petroleum gas tanker Navigator Gemini at the liquid gas wharf in Iraq's southern port of Umm Qasr on September 4. AFP

          Iraq's excessive oil output poses challenges for Opec

          EnergySeptember 09, 2024
          Eight countries will pause their oil output increases for two additional months. Reuters

          Opec+ countries to extend voluntary cuts for two more months

          EnergySeptember 05, 2024