Opec

China's solar equipment industry looks to Opec for guide to survival

The accord comes as China's solar industry contends with overcapacity, heightened geopolitical tensions and slowing demand

Extension of production cuts by Opec+ won't impact India: Govt officials

Earliest reversal of production cuts pushed back to March 2025 on Thursday

Oil prices climb nearly 1% as traders await outcome of Opec+ meet

Opec+ is likely to extend its latest round of output cuts until the end of the first quarter at its Dec 5 meeting

OPEC+ production cuts may support oil prices in near term: Goldman Sachs

OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January

Oil falls more than 2% after reports of possible West Asia peace deal

Israel said on Monday it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address

Opec cuts forecast for 2024 oil demand growth, lowers projection for 2025

The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 1.82 million barrels per day in 2024, down from 1.93 million bpd it expected last month

Opec+ agrees to delay planned December output increase for one month

The OPEC+ group, combining the Organization of the Petroleum Exporting Countries plus Russia and other allies, was scheduled to raise output by 180,000 barrels per day in December

Opec again lowers forecast of global oil demand growth in 2024, 2025

Opec in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month

Opec+ unlikely to recommend changes in output policy at Oct 2 panel meeting

Oil prices have fallen in 2024 with Brent crude last month slipping below $70 a barrel for the first time since 2021, pressured by concern about global demand and rising supply outside Opec+

India to lead global oil demand growth in 2024, surpassing China: IEA

Global oil demand is experiencing its slowest growth since 2020, primarily due to weak demand from China and a drop in Russia's global oil supply

Want Opec+ to raise oil output to meet demand, says oil secretary

The Organization of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, last week agreed to delay a planned oil output increase for October

How to trade oil futures amid weak demand, Hurricane Francine? Outlook here

Crude oil strategy, Sept 12: WTI crude oil rice may fall to $65 in medium-term

Opec vs IEA: Diverging oil demand forecasts signal an uncertain future

The difference between the forecasts of OPEC and IEA, amounting to 0.93 million bpd, underscores the widening divide between these key institutions

Opec again cuts growth forecast of global oil demand in 2024, 2025

The weaker outlook further underscores the challenge faced by Opec+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia in balancing the market

Opec+ may agree to delay October oil output hike for two months: Report

The news lifted oil prices by over $1 a barrel, with Brent futures trading over $74 before paring gains. It fell to its lowest this year on Wednesday

Oil goes higher as halted Libyan exports levels expected Opec+ supply boost

News of increased production helped push oil prices lower last week but the scale of the sell-off was overdone, said Phil Flynn, an analyst at Price Futures Group

India's oil demand set to plateau by mid- 2040s: BP Chief Economist

Global oil demand will flatline till 2035 before falling, as Chinese demand slows

Opec cuts global oil demand growth forecast in 2024, citing China

The reduction still leaves Opec at the top end of industry estimates. Oil was steady after the report was released, trading above $80 a barrel

China's commodity imports show economy struggling for momentum: Report

China, world's biggest importer of crude, has seen arrivals slump this year, with imports of 10.90 mn bpd in first seven months of year, down 2.9 per cent from 11.22 mn bpd over same period in 2023

Oil prices set for best week in over 2 months on positive demand outlook

The Organization of Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid US fuel demand this summer