OPEC Extends Cuts, Oil Market Tightness To Continue Into 2025
OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a market shift as non-OPEC production fails to meet 2025 ...
Opec expected to extend oil output cuts as it waits on Trump
Producer group likely to watch US president-elect’s plans to impose sanctions against Iran and Venezuela, say analysts
OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could extend oil production cuts to support prices.
OPEC+ delays oil output hike until April, extends cuts into 2026
OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group.
OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast
OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.
Explained: How will OPEC’s latest output cut extensions affect oil market balance in 2025?
The oil market is still expected to be abundantly supplied next year even after OPEC+ extended steep production cuts till the end of March.
OPEC makes fifth and biggest cut to 2024 oil demand growth forecast
OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering role as the world's demand growth engine.
Why OPEC's grip on oil markets will continue to weaken in 2025
The IEA forecasts a major oil supply glut in 2025, and even if OPEC+ continues to limit production, it won't be enough to address the overhang.
OPEC puts off output hike till March-end, extends overall cuts till end of 2026
OPEC on Thursday extended the voluntary crude oil production cuts of 2.2 million barrels per day till the end of March due to poor demand.
OPEC's Oil Market Report: Insights and Projections for 2025
OPEC's latest oil market signals continued challenges for the global energy landscape. For the fifth consecutive month, the cartel has cut its global oil demand growth forecast for 2024, now expecting an increase of 1.
Oil Market Seen 'Comfortably Supplied' in 2025 Despite Extended OPEC+ Production Cuts, IEA Says
The International Energy Agency on Thursday increased its 2025 global oil demand outlook and said the market is expected to be "comfortably supplied" despite a recent decision by key oil-producing nations to extend output cuts.
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OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend ... that the cuts would be extended through September with a plan to gradually return to previous output levels by ...
OPEC extends oil output cuts through the end of December
Saudi Arabia and allied oil producing ... their output cuts by one month. No reason was given for the move, which comes ...
Crude Oil Prices2d
OPEC’s Oil Production Rose in November as Libyan Output Jumped
OPEC's crude oil production increased in November, primarily due to higher output from Libya and Iran, despite the OPEC+ ...