In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

VIENNA, Oct. 29, 2024 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) concluded its participation in the 2024 World Bank-IMF Annual Meetings with robust new financing ...

Major cooperation and co-financing framework agreement with the World Bank Group with an operational focus on climate, food security and infrastructure New partnership agreements to expand ...

The eight countries decided to extend the 2.2 million bpd cut for a month until the end of December, OPEC said in a statement ... OPEC+ ministers hold a full meeting of the group to decide ...

Continue Reading OPEC Fund President Alkhalifa led the OPEC Fund delegation attending high - level meetings with Key stakeholders in Washington (PRNewsfoto/OPEC Fund for International Development ...