The Organization of Petroleum Exporting Countries | Egypt Oil & Gas

OPEC Forecasts Lower Demand for Crude Oil

The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for crude oil despite the increase in global demand after a US-China trade deal.

No Need for OPEC to Increase Production

The president of the Organization of Petroleum Exporting Countries, OPEC, said Monday the organization is producing enough crude oil, and political situations are to blame for the current high oil prices.

OPEC Keeps Oil Demand Forecast Steady, Warns on European Economic Crisis

The Organization of Petroleum Exporting Countries kept its forecast for 2012 oil demand unchanged, while warning that Europe's debt crisis could harm global consumption.

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