Global Oil Demand

OPEC+ prepares for December talks with limited options, weak demand, and internal conflicts over oil production and quota increases

Oil prices fell by over 1% following weak economic data from China, sparking fears of reduced global demand for energy in the coming months.

Goldman Sachs revises its 2025 Brent oil forecast to $77 per barrel, citing high inventories and lower demand, particularly from China.

Oil prices jumped over 2% as the Federal Reserve hinted at potential interest rate cuts, sparking optimism in a market facing global economic uncertainty.

Global oil prices surge for the fourth straight week, driven by OPEC+ production cuts, geopolitical tensions, and robust demand, reaching new highs.

OPEC’s latest report offers an optimistic forecast for global oil demand, projecting strong growth through 2024 and 2025 amidst geopolitical tensions and supply disruptions.

According to a Reuters survey, Nigeria and Iran boosted their oil production in September, leading to a second consecutive monthly increase in OPEC’s output. The rise comes despite the ongoing …

The International Energy Agency (IEA) foresees a distinct oil market deficit by the end of 2023 as global supply dynamics shift. This projection arises in the wake of Saudi Arabia …