OPEC says global oil demand will grow in 2024 and 2025
oil demand
Latest in oil demand
India
India’s oil demand growth to taper in 2024: Report
The projected tapering of demand in the South Asian country echoes a slowdown in China, presenting a fresh headwind for prices
Crude price
Traders adding geopolitical risk premium to lead to further surge in crude prices, say analysts
The market’s foremost concern revolves around potential disruptions in supplies from regions like Iran
crude oil
Saudi Arabia extends 1m barrel per day oil production cut
Saudi Arabia’s Ministry of Energy extends voluntary production cut
Abu Dhabi
UAE announces extension of oil output cut of 144,000 bpd by 2024
This decision by UAE comes in line with the agreement reached at the 35th ministerial meeting of OPEC+
crude oil
Saudi Arabia announces another round of production cut to revive declining oil prices
The kingdom said on Sunday that it would make these production cuts in July
Brent Crude
India’s Russian crude oil imports create another record in January
Iraq, Saudi Arabia, and the UAE also expanded their share of Indian imports in the month by one percentage point each
crude production
UAE in “favour” of increasing oil production but stands by OPEC+ agreement
The announcement comes amid general call for increased production in the face of record oil prices
Aramco
Saudi Aramco shares hit record as oil demand continues to rebound
Aramco CEO hails rebounds as crude prices have surged around 20% this year