OPEC Sticks to Oil-Demand View
The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.
In first look at 2026, OPEC predicts ongoing oil demand growth
OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's biggest importer of oil.
OPEC Sees Steady Oil Demand Growth in First Look at 2026
OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.
Oil prices climb as traders weigh OPEC and IEA demand forecasts
Oil futures climbed Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the U.S. and Europe.
OPEC Projects Robust Oil Demand Growth For 2025 And 2026
OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely driven by strong non-OECD growth
OPEC's Optimism Clashes With IEA's Conservative 2025 Oil Growth Projections
IEA revises 2025 global oil demand outlook to 1.05 million barrels per day, citing economic recovery and lower fuel prices. OPEC projects higher growth.
OPEC holds steady on 2025 global oil demand growth forecast
OPEC kept its global oil demand growth forecast for 2025 unchanged, with the expectation that it will remain steady at the same rate in the following
OPEC predicts ongoing oil demand growth to continue in 2026
OPEC, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year. The 2026 prediction is OPEC's first in its monthly report.
IEA Expects Oil Demand Growth to Accelerate But Still Projects Surplus
The International Energy Agency anticipates an acceleration in global oil-demand growth this year on lower prices and an improving economic outlook in developed countries, but still expects the market to be in surplus.
IEA Sees Oil Surplus Narrowing in 2025 Amid Supply Risks
Your report also shows a narrower oil surplus actually for 2025 than previously thought. Does that mean that there is any room for Opec+ to proceed with plans to restore supply? Yes. So we have increased our demand growth slightly for the fourth quarter and 2024.
Global Monthly Crude Oil Production Peaked In 2018, Yet Institutions Are Forecasting A Glut
A warning of potential supply constraints in oil production, impacting prices and investments despite institutional forecasts ...
Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
freightwaves.com3h
Strength, then oversupply? Parsing the latest EIA oil forecast
The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...
September Non-OPEC And World Oil Production Drops
World oil production decreased by 1,014 kb/d in September to 80,795 kb/d. The largest decreases came from Libya, 350 kb/d, ...
اخبار 249h
OPEC's average basket price slightly up in December 2024
The OPEC basket crude oil prices advanced on a monthly basis in November and December 2024, after declining three times in ...
Zawya13h
OPEC Fund commits $30mln to Egypt’s landmark 1.1 GW wind farms
For the construction of two 550 MW wind farms with a total capacity of a 1.1 GW in Egypt’s Gulf of Suez region ...
Hosted on MSN9h
Huge Increase In Oil Drilling Expected By Energy Department
New forecasts from the U.S. Energy Information are for American oil products to jump in 2025 and 2026. Based on a slowing of ...
اخبار 249h
OPEC Chief says time to rethink 'energy transition'
, called for a reevaluation of the concept of energy transition, warning that the journey toward transformation in the energy sector could pose “major ...