OPEC+ is concerned about rising U.S. oil output with Trump's return, fearing it will erode their market share and impact prices.
By Anna Hirtenstein and Alex Lawler18 Dec 2024ReutersOPEC's forecast on global oil demand marks its fifth consecutive downward revision in its monthly report.
By Alex Lawler11 Dec 2024ReutersOPEC on Monday cut its 2024 global oil demand growth forecast for the third time this year, citing recent data trends.
By Alex Lawler14 Oct 2024ReutersOil prices have fallen in 2024, pressured by concern about global demand and rising supply outside OPEC+.
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan1 Oct 2024ReutersBig energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments...
By Florence Tan, Alex Lawler and Robert Harvey1 Oct 2024ReutersOPEC is citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.
By Alex Lawler and Fabio Teixeira24 Sep 2024ReutersOPEC+ is set to proceed with a planned oil output hike from October, six sources from the producer group told Reuters
By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova30 Aug 2024ReutersGlobal oil demand growth needs to accelerate or the market will struggle to absorb OPEC+ planned increase, analysts and industry sources say
By Alex Lawler, Dmitry Zhdannikov and Shariq Khan9 Aug 2024ReutersOPEC+ is unlikely to alter its current production cuts despite falling oil prices, as discussed in an upcoming meeting.
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler30 Jul 2024ReutersPlease login to like, dislike or bookmark this article.