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          Opec

          Latest news from the body based in Vienna, regulating global oil production and pricing

          A Russian crude oil tanker transits the Bosphorus in Istanbul, Turkey. Reuters

          Oil prices rise after Opec maintains demand forecast for 2024

          EnergyMarch 13, 2024
          Opec raised its estimate for global economic growth this year to 2.8 per cent, from 2.7 per cent previously. Reuters

          Opec sticks to oil demand outlook, but expects faster economic growth

          EnergyMarch 12, 2024
          An oilfield at South Belridge in California. West Texas Intermediate, the gauge that tracks US crude, was down 0.25 per cent on the week. Bloomberg

          Oil posts weekly loss despite interest rate cut hopes

          EnergyMarch 08, 2024
          The latest oil production cuts are aimed at ensuring balance and stability in the oil market, Opec+ says. AP

          Saudi Arabia and the UAE among Opec+ members to extend oil output cuts

          EnergyMarch 04, 2024
          Solar panels at the rooftop of a power plant in Fuzhou, China. The IEA has faced criticism from environmentalists for its under-predictions of global solar power deployment. AFP

          IEA and Opec face challenges amid changing energy outlook

          CommentMarch 04, 2024
          Fatih Birol, head of the International Energy Agency, said clean energy and technologies to lower carbon emissions are moving in the 'right direction'. Bloomberg

          Birol says oil companies agree with IEA's peak demand prediction

          EnergyFebruary 13, 2024
          Oil tanks at the Saudi Aramco oil facility in Abqaiq. Reuters

          Aramco's U-turn 'will not hit demand for oilfield services'

          EnergyFebruary 07, 2024
          Opec+ member countries have been co-ordinating output cuts to stabilise oil markets. AP Photo

          Oil prices rise as Opec+ sticks to output cut policy

          EnergyFebruary 01, 2024
          Opec has released its 2025 forecast early this year. Reuters

          Opec expects oil demand growth to decline in 2025

          EnergyJanuary 17, 2024
          Analysts forecast a more bearish outlook for oil prices this year compared with 2023. Getty Images

          Higher crude supply could drag oil prices lower, analysts say

          EnergyJanuary 17, 2024
          The Kaombo Norte floating oil platform off the coast of Angola. The country produces about 1.1 million barrels of oil per day. Reuters

          Oil prices post biggest weekly gain in two months on Red Sea disruption fears

          EnergyDecember 22, 2023
          Angola's Minister of Mineral Resources, Oil and Gas Diamantino Azevedo at the Opec headquarters for a meeting in Vienna in June. Reuters

          Angola to leave Opec 'in defence of its interests'

          EnergyDecember 21, 2023
          France’s TotalEnergies told The National it welcomed the global stocktake agreement. Reuters / File photo

          Energy companies back Cop28 call to switch from fossil fuels

          Cop28December 13, 2023
          Opec left its growth estimate for 2024 unchanged at 2.6 per cent. Reuters

          Opec holds oil demand forecast and expects ‘resilient’ economic growth

          EnergyDecember 13, 2023
          Oil prices rose following the start of the Israel-Gaza war but fell in the subsequent weeks on easing concern. Reuters

          Oil prices hit lowest since July on demand concerns

          EnergyDecember 06, 2023
          Oil prices are still being weighed down by concerns of slow demand growth in China and the US, the world's biggest consumers of crude. Reuters

          Oil prices slump more than 2% to post sixth straight weekly decline

          EnergyDecember 01, 2023
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