global oil demand
Wednesday, 18th November 2020
The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated.
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.
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.
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.
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.
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.
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.