OPEC+ May Approve Additional Oil Production on Sunday
OPEC+ member countries are predicted to approve more oil production on Sunday, noting that the members are still discussing the final increase for September.
OPEC | Egypt Oil & Gas - Part 2
Badawi outlines Egypt’s Energy Strategy at OPEC Meetings
During the 9th International Seminar hosted by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Minister of Petroleum and Mineral Resources, Karim Badawi, delivered a keynote address at the ...
AEC Calls for Lifting Restrictions on Financing Oil, Gas Projects in Africa
The African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This ca ...
OPEC+ Poised for Another Output Hike in August
OPEC+, the world’s largest oil-producing alliance, is set to boost crude output by another 411,000 barrels per day (bbl/d) in August as part of its effort to reclaim market share. If agreed upon, this would raise ...
Global Oil Demand to Surpass 120Mn bbl/d by 2050: OPEC Secretary General
Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Org ...
OPEC+ to Introduce Another Output Increase in June
OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May.
IEA Cut Oil Demand Expectations for 2025
The International Energy Agency (IEA) announced that the global oil demand growth forecast for 2025 has been revised down to 730,000 bbl/d, decreasing by 300,000 bbl/d from the March report.
OPEC Lowers Forecast for Oil Demand in 2025
The Organization of the Petroleum Exporting Counties (OPEC) announced that it revised down the oil demand growth expectations for 2025 to 1.3 million barrels per day (mmbbl/d) compared to last year.
OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (b/d), equivalent to three monthly increments, in May 2025.
Indian State Refiners Eye Middle East Crude to Offset Russian Supply Shortfall
Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, B ...
