OPEC news
EIA expects less oil demand and lower oil and gasoline prices in an uncertain market
The US Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026.
Rystad Energy: OPEC+ may raise output if US supply disruptions deepen
Markets respond to US ‘Liberation Day’ and recent OPEC+ meeting.
Rystad Energy: ‘Trump 2.0. China 3.0 and OPEC+40’
Rystad Energy’s oil market update: 25 November.
As politics calms, oil output in Libya exceeds one million bpd
The North African nation has struggled with political instability since the ousting of Muammar Gaddafi in 2011.
OPEC+ not planning any talks on oil production plans, says Russia
In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.
Expected growth in the developing world sees OPEC raise oil demand outlook
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.
Saudi Arabia sees July oil exports hitting almost one-year low
Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.
OPEC cuts oil demand growth projections
The body’s monthly report indicates a 2025 growth at 1.7 million bpd, slightly below this year’s figure.
World oil outlook 2023 sees global oil demand at 116 mb/d in 2045
The WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy to 2045.
OPEC has made a statement on peak fossil fuel demand
OPEC has noted, on the International Energy Agency’s recent Op-Ed published, asserting that fossil fuel demand would peak before 2030, that consistent and data-based forecasts do not support this assertion.