China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
TASS2d
OPEC+ countries cut oil production by 283,000 barrels/day
TASS/. OPEC+ countries slashed oil production by 283,000 barrels per day (bpd) in October 2024 and were producing below the target by 154,000 bpd, the OPEC said in its November report. The OPEC+ ...
OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...
energyintel3d
Opec Compliance Improves, But Libya Production Jumps
The group's overall crude production was 40.58 million b/d, up 140,000 b/d versus September, largely buoyed by a rebound in ...