OPEC News
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Oil market remains strong despite negative sentiment: OPECOPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global oil demand growth.EconomyNov 13, 2023
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Oil prices could hit US$100 a barrel this year, industry experts sayA surprise production cut of more than a million barrels per day unexpectedly announced by OPEC+ on Sunday sent oil futures surging.MoneyApr 4, 2023
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OPEC slices oil demand growth forecast again as economic challenges mountThe group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week.WorldNov 14, 2022
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U.S., Saudi Arabia clash over reason for OPEC+ oil cutsThe IEA on Thursday added that OPEC's move could worsen demand, saying "higher oil prices may prove the tipping point for a global economy already on the brink of recession."WorldOct 13, 2022
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OPEC, Russia expected to cut oil production despite pressure from TrumpOPEC's de facto leader, Saudi Arabia, has indicated a need for steep oil output reductions beginning in January, fearing a glut.WorldDec 5, 2018
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Oil prices hit 18-month high as OPEC output deal kicks inOil prices hit 18-month highs on Tuesday buoyed by hopes that a deal between OPEC and other big oil exporters to cut production will drain a global supply glut.MoneyJan 3, 2017
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OPEC, non-OPEC agree first global oil pact since 2001OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut.Dec 10, 2016
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OPEC oil output hits record numbers amid deal to cut supplyOPEC's oil output set another record high in November ahead of a deal to cut production.CanadaDec 5, 2016
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OPEC oil ministers to meet in SeptemberOPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting.EconomyAug 8, 2016
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