Politics
Opec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd Opec slightly…
Tag
OPEC
Politics
Opec+ stuns oil market with policy shift to drive down price
For most of this decade, the Organization of the Petroleum Exporting Countries and its allies (Opec+) has been the world’s most stalwart…
Politics
Oil dives more than 6%, steepest fall in 3 years on tariffs, Opec+ supply boost
Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after Opec+ agreed to a surprise increase in…
Politics
Opec+ agrees to make larger than expected supply hike in May
Opec+ agreed to make a larger than expected oil supply hike in May, adding the equivalent of three monthly tranches from its previous plan…
Politics
Opec+ considers delaying April supply restart, delegates say
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) is considering pushing back a series of monthly supply increases due to…
Politics
Opec warns that US trade policy risks stoking market volatility
ORGANIZATION of the Petroleum Exporting Countries (Opec) warned that President Donald Trump’s trade policies risk stoking volatility in…
Politics
Opec+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US government’s Energy…
Business
Opec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up…
Business
China’s solar industry looks to Opec for guide to survival
CHINA’S solar equipment manufacturers are learning they need to exercise restraint to survive. More than 30 of the top companies signed up…