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November 12, 20240 Comments

OPEC Trims Demand Forecast for Fourth Straight Month

The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month after further delaying its planned output hike amid market concerns over weaker global consumption and lower prices. Source link

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November 9, 20240 Comments

Further Delays to OPEC+ Output Plan Will Be Crucial to Avoid Oversupply

OPEC+ would have to further delay its planned output hike to curb the anticipated global supply surplus next year, BMI said, adding that their data currently show a surplus of around 720,000 barrels a day for 2025. Source link

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