global oil demand | Egypt Oil & Gas

OPEC+ Revises Oil Demand for 2021 

The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated.

Novak: OPEC+ Set to Relax Oil Cuts As Planned

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

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

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

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%

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

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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