World Oil Production Expected to Increase to 105.8 mmbl/d in 2025: IEA

• Thursday, 11th September 2025
• by Fatma Ahmed

The International Energy Agency (IEA) forecasted a rise in global oil production by 2.7 million barrels per day (mmbl/d), to record 105.8 mmbl/d in 2025, as a reflection of the OPEC+ decision to ease back its earlier ...

Global Oil Demand Forecast Cut Again by OPEC 

• Wednesday, 14th October 2020
• by Editorial Team

The Organization of Petroleum Exporting Countries (OPEC) has further curtailed its expectations for the rebound of world oil demand in 2021, according to Reuters. This further reduction is due to the continual rise in...

OPEC Agrees to Prolong Record Oil Production Cuts to July

• Sunday, 7th June 2020
• by Editorial Team

The Organization of the Petroleum Exporting Countries (OPEC) held its 11th ministerial meeting on June 6 and agreed to extend record oil production cuts until the end of July, according to a press release.  The OPEC m...