The Organization of the Petroleum Exporting Countries (Opec) released its monthly oil market report on the 13th, slightly raising its forecast for global oil demand this year, saying that the fundamentals of the oil market remain strong.In the report, Opec forecast that based on the momentum of glob

At its meeting on Wednesday, the Opec + Monitoring Committee confirmed its commitment to the terms of the current agreement, thus recommending that existing oil production quotas be maintained, according to the alliance's official gazette.Due to the decline in world crude oil demand caused by the ne

OPEC is maintaining its forecast for global oil demand growth in 2023, with an increase of 2.4 million barrels per day (BPD) to 102 million BPD, according to its monthly report.In 2023, oil demand in the OECD region is expected to increase by 120,000 b/d to 46.1 million b/d. In other countries, prod

Global primary energy demand is expected to surge by 23 percent by 2045, Opec's secretary general said, adding that it will take all resources to meet the growing demand.According to Reuters, Opec's secretary general told an oil conference in Nigeria that "global primary energy demand is forecast to

World oil demand grew by a "solid" 2.1 million barrels a day in the first quarter of 2023, OPEC said in its monthly oil market report on Thursday, with growth expected to pick up in the second and third quarters, while tight oil products markets showed signs of easing.In its latest report, OPEC left

The Organization of the Petroleum Exporting Countries (OPEC) has cut its forecast for world oil demand growth in 2022 for the fourth time since April and cut its forecast for next year, Irish national Radio reported on Oct 13. Demand is expected to increase by 2.64 million barrels a day, or 2.7 perc

The Organization of Petroleum Exporting Countries (Opec) on Tuesday lowered its forecast for global crude oil demand this year, mainly due to the adverse impact of the Conflict between Russia and Ukraine.Opec released its latest monthly report on the oil market on Tuesday, predicting global oil dema