Tag: OPEC

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OPEC expects global oil demand to increase by 2.2 million barrels per day this year

OPEC expects global oil demand to increase by 2.2 million barrels per day this year Heysem al-Gays, Secretary General of the Organization of Petroleum Exporting...

Oil rises on supply concerns

Oil rises on supply concerns Oil rose after an industry report showed U.S. inventories dwindling, and investors eagerly awaited a report from the International Energy...

200 thousand barrels per day decrease in global oil supply

200 thousand barrels per day decrease in global oil supply The International Energy Agency (IAA) reported that global oil production decreased by approximately 200 thousand...

Calm trend in oil

Calm trend in oil Oil remains steady as investors await the OPEC report and inflation data. Oil continued its rise as investors looked for signs of...

OPEC+ exceeded quota in April

OPEC+ exceeded quota in April While OPEC+ members exceeded the oil production quota by 568 thousand barrels last month, Iraq and Russia drew attention as...

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