LONDON, July 11 (Reuters) - OPEC on Thursday forecast world demand for its crude will decline next year as rivals pump more, pointing to the return of a surplus despite an OPEC-led pact to restrain ...
LONDON, Dec 11 (Reuters) - OPEC on Wednesday pointed to a small deficit in the oil market next year due to restraint by Saudi Arabia even before the latest supply pact with other producers takes ...
UAE’s exit signals a gradual shift in global oil governance—from tightly coordinated production regimes to more flexible, nationally driven strategies ...
LONDON, April 28 (Reuters) - OPEC and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but the rest of the producer alliance is ...
Why the UAE is leaving Opec: The US$150b conflict with Saudi Arabia that will reshape energy markets
Opec and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May ...
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Crude oil prices see biggest fall since 2020, markets watch January 4 OPEC+ decision closely
Mumbai: Crude oil prices are about to end the year with a sharp decline, marking the biggest yearly fall since 2020. This drop is mainly due to weak global demand and high supply from oil-producing ...
Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. ST. PETERSBURG, RUSSIA - JUNE 6: Secretary General of the ...
Consumption of oil products at refineries dropped by 4.1 mln bpd against the like period of the last year MOSCOW, April 13. /TASS/. Global oil refining fell in March 2026 by 5 mln barrels per day (bpd ...
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