LONDON, Sept 11 (Reuters) - OPEC made no changes on Thursday to its relatively high global oil demand growth forecasts for this year and next, and said the world economy was maintaining a solid growth ...
OPEC kept its oil demand and economic growth forecasts unchanged even as the group and its allies prepare to boost production again in October, reinforcing a strategy aimed at preserving market share.
HSBC analysts, including Kim Fustier, HSBC's Senior Global Oil and Gas Analyst, said they are 'skeptical that OPEC+ will pause or reverse quota increases'. Image by Eva Almqvist via iStock In a ...
OPEC continued to project a substantial supply deficit in global oil markets this year and next even as the group revives production, a view that clashes with the wider industry. The Organization of ...
The Organization of the Petroleum Exporting Countries left its oil-demand forecasts unchanged after agreeing to raise production again next month, doubling down on its strategy shift in a push for ...
That was the question Macquarie strategists, including Walt Chancellor, asked in an oil and gas report sent to Rigzone by the Macquarie team on Monday. “As a long-term strategy, we think not,” the ...
Is the long-suspected, late September VLCC rally finally here? Earnings for the largest crude tankers soared at the beginning of September as Opec is continuing to unwind production cuts, domestic oil ...
Oil prices could fall below $60 per barrel by the end of the year as OPEC+ continues to unwind production, analysts say after the group began rolling back the last layer of output cuts. On Sunday, the ...
The Nasdaq Composite closed at a record on Monday as Wall Street bough the recent dip in tech and artificial intelligence stocks. The tech-heavy index rose 0.4% to top its Aug. 13 closing high of ...
OPEC+ agreed to a modest oil production increase in October, signaling a shift towards defending market share. The move involves unwinding previous production cuts ahead of schedule. OPEC+ plans to ...
Oil prices rose on Monday despite OPEC+ confirming at its Sunday meeting that it will wind down more than 1 million barrels per day of extra voluntary cuts over the next two months. At 9:34 a.m. ET on ...