OPEC Forecasts Lower Demand for Crude Oil

• Monday, 20th January 2020
• by Editorial Team

The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for its crude oil despite the global demand increase after the US-China trade deal, according to Reuters. OPEC has anticipated a declin...

No Need for OPEC to Increase Production

• Tuesday, 10th April 2012
• by Egypt Oil & Gas

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 ...

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

• Tuesday, 17th January 2012
• by Egypt Oil & Gas

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. Oil use will increase by 1.1 million barrels a ...