OPEC woos Namibia as African nation prepares to produce from 2030
April 16, 2024 The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be…
OPEC+ unlikely to change output policy at April 3 meeting
April 2, 2024 An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit…
OPEC+ unlikely to change output policy before June meeting
March 27, 2024 OPEC+ is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC+ sources told Reuters ahead of next week’s gathering…
Oil demand growth slowing as non-OPEC supply expands – IEA
February 15, 2024 Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast, in sharp contrast to the…
OPEC+ committee meeting keeps oil output policy unchanged
February 1, 2024 A committee of OPEC+ ministers proposed no changes to the group’s oil output plans at a meeting on Thursday. Leading ministers from the Organisation of the Petroleum…
OPEC blames ‘exaggerated’ demand concerns for oil price drop
December 13, 2023 OPEC on Wednesday said it remained cautiously optimistic about 2024 oil market fundamentals and blamed “exaggerated concerns” about demand for a recent drop in prices, as it…
Oil rebounds from six-month-low but demand concerns linger
December 7, 2023 Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous session but investors remained concerned about sluggish demand and economic slowdowns…
Oil prices rise on uncertainty over OPEC+ cuts and Middle East tensions
December 5, 2023 Oil prices jumped by nearly 1% on Tuesday, lifted by uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and…
Oil falls on demand fears and doubts over OPEC+ cuts
December 4, 2023 Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on supply cuts and uncertainty surrounding global fuel demand, though the risk…
OPEC+ tweaks Nigeria, Angola oil output levels for 2024
Dec. 1, 2023 OPEC+ handed Nigeria a 2024 oil output target lower than Africa’s largest oil producer had hoped for while lowering Angola’s target, according to a statement from the…