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OPEC trims oil demand for next four years, says no peak in sight
OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising consumption in the developing world, and said there was no sign oil use had reached its peak.
OPEC projects continued oil demand growth. Other energy groups disagree.
Demand will continue to grow in developing economies, according to the oil cartel. Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come online.
Oil and gas will continue to account for more than 50% of the global energy balance from 2024 through 2050, while oil alone ...
The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising ...
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...
Saying the first six months of the year have been active when it comes to oil prices may be an understatement.
Oil bull Josh Young tells CNBC's Dan Murphy that OPEC's latest World Oil Outlook forecast could set the stage for a long-term ...
Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S.
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...
Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...
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