global oil demand

  • Novak: OPEC+ Set to Relax Oil Cuts As Planned

    Novak: OPEC+ Set to Relax Oil Cuts As Planned

    Thursday, 15th October 2020

    Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.

  • OPEC Further Cuts Oil Demand Forecasts for 2020/21

    OPEC Further Cuts Oil Demand Forecasts for 2020/21

    Tuesday, 15th September 2020

    The Organization of Petroleum Exporting Countries (OPEC) has further reduced its forecast for global oil demand amid the weaker-than-expected recovery in India and other Asian countries.

  • OPEC Lowers 2020 Oil Demand Predictions

    OPEC Lowers 2020 Oil Demand Predictions

    Thursday, 13th August 2020

    The Organization of the Petroleum Exporting Countries (OPEC) has further lowered its forecast on oil demand due to the coronavirus pandemic and there are also doubts about 2021's recovery.

  • OPEC Agrees to Prolong Record Oil Production Cuts to July

    OPEC Agrees to Prolong Record Oil Production Cuts to July

    Sunday, 7th June 2020

    The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend record oil production cuts until the end of July.

  • OPEC Slashes Oil Demand Forecast by 9.1%

    OPEC Slashes Oil Demand Forecast by 9.1%

    Thursday, 14th May 2020

    The Organization of the Petroleum Exporting Countries (OPEC) has dramatically cut its expected forecast for global oil demand this year, citing that this upcoming quarter will see the steepest decline.

  • OPEC Secretary-General: Oil Consumption to Hit 100M b/d This Year

    OPEC Secretary-General: Oil Consumption to Hit 100M b/d This Year

    Thursday, 6th September 2018

    Global oil demand is expected to reach 100 million barrels per day (b/d) later this year, much earlier than previously expected, OPEC Secretary-General Mohammad Barkindo stated on September 5.

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