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OPEC · Aug 13, 2026 · 9 min read
OPEC expects world oil demand to grow by about six hundred thousand barrels a day this year, the organization said in its…
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OPEC · Aug 2, 2026 · 4 min read
Seven OPEC+ countries approved a combined increase of 188,000 barrels a day in their oil production targets from September, completing the phased…
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Energy & Commodities · Jul 29, 2026 · 6 min read
Seven OPEC Plus producers meet on 2 August having raised August targets by 188 thousand barrels a day, the third consecutive month…
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Energy & Commodities · Jul 13, 2026 · 4 min read
OPEC trimmed its forecast for global oil demand growth this year to about 0.8 million barrels a day, down from around 1.0…
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Energy & Commodities · Jul 7, 2026 · 4 min read
Kuwait's oil production is set to reach 2.660 million barrels a day in August under the latest OPEC+ agreement, Oil Minister Tareq…
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Energy & Commodities · Jul 4, 2026 · 5 min read
OPEC crude oil output rose sharply in June as Gulf producers restored shipments and shipping through the Strait of Hormuz returned to…
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Global · Jun 24, 2026 · 2 min read
The OPEC Fund for International Development is preparing a new initiative aimed at fragile states, offering long term financing with maturities of…
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Energy & Commodities · Jun 22, 2026 · 3 min read
Libya's crude oil production has climbed to about 1.44 million barrels a day, its highest level since 2013, the National Oil Corporation…
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Energy & Commodities · Jun 19, 2026 · 4 min read
OPEC and the International Energy Agency have collided publicly over the direction of the oil market, with OPEC Secretary-General Haitham Al Ghais…
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Energy & Commodities · Jun 18, 2026 · 5 min read
OPEC reaffirmed its long-held view that there is no peak in oil demand on the horizon, raising its long-term forecast as it…
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Energy & Commodities · Jun 12, 2026 · 3 min read
Oil prices extended their decline on Friday, 12 June 2026, as the United States and Iran moved closer to an agreement that…
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Energy & Commodities · Jun 11, 2026 · 3 min read
OPEC has lowered its forecast for global oil demand growth in 2026 to 970,000 barrels per day, down from 1.17 million b/d…
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OPEC expects world oil demand to grow by about six hundred thousand barrels a day this year, the organization said in its Monthly Oil Market Report published on Wednesday, cutting the forecast by two hundred thousand barrels a day from its July assessment. The figure stands two point two million barrels a day above the…
Seven OPEC+ countries approved a combined increase of 188,000 barrels a day in their oil production targets from September, completing the phased return of the voluntary supply cuts announced in April 2023. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed on the adjustment during a virtual meeting on Sunday, 2 August. OPEC said…
Seven OPEC Plus producers meet on 2 August having raised August targets by 188 thousand barrels a day, the third consecutive month at that increment, into a year the International Energy Agency expects global demand to contract.
OPEC trimmed its forecast for global oil demand growth this year to about 0.8 million barrels a day, down from around 1.0 million a month earlier, in its monthly report published on Monday, a downgrade that lands just as the group and its allies keep returning barrels to the market. The cut, concentrated in the…
Kuwait’s oil production is set to reach 2.660 million barrels a day in August under the latest OPEC+ agreement, Oil Minister Tareq Al-Roumi said after the group’s meeting on Sunday, capping one of the fastest output recoveries among the producers and giving fresh momentum to a sector that has just received its first comprehensive legal…
OPEC crude oil output rose sharply in June as Gulf producers restored shipments and shipping through the Strait of Hormuz returned to normal, according to a Reuters survey, setting the stage for a meeting of seven producers on 5 July to decide August supply. The rebound reflects the unwinding of a risk premium that had…
The OPEC Fund for International Development is preparing a new initiative aimed at fragile states, offering long term financing with maturities of up to 40 years, with the operational details due to be completed by October. The Fund’s President, Abdulhamid Alkhalifa, said work is under way on a white paper that will set out the…
Libya’s crude oil production has climbed to about 1.44 million barrels a day, its highest level since 2013, the National Oil Corporation said, as the OPEC member presses ahead with efforts to rebuild an energy sector that remains the backbone of its economy. The NOC said crude output reached 1,438,560 barrels on the morning of…
OPEC and the International Energy Agency have collided publicly over the direction of the oil market, with OPEC Secretary-General Haitham Al Ghais dismissing the IEA’s forecast of a looming supply glut as premature and not grounded in “facts and figures,” in an unusually open disagreement between the two most influential voices in global energy. Speaking…
OPEC reaffirmed its long-held view that there is no peak in oil demand on the horizon, raising its long-term forecast as it launched the 20th edition of its flagship World Oil Outlook on 18 June 2026. The report projects that global oil demand will keep growing for decades, reaching 124.1 million barrels per day (mb/d)…