You Searched For "non OPEC" and got 20 results
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2 mins read
OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts
In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…
ANI
1 min read
Putin backs OPEC production cuts but warns of losing oil-market share to the US
Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…
Yuheng Zhan
1 min read
Oil markets could shift into surplus in early 2024 as demand growth slows and non-OPEC+ producers lead supply growth, IEA says
Oil supply is booming, especially from non-OPEC+ countries, and it will encounter slowing demand ne…
Aruni Soni
3 mins read
Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook
According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…
ANI
1 min read
The world is 'far off' from peak oil amid strong demand, OPEC chief says
Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…
Aruni Soni
2 mins read
OPEC slashed oil production last month as the group kicks off plan to boost sagging prices
OPEC+ scaled back oil output by 490,000 barrels a day last month, Bloomberg reported, with half of …
Yuheng Zhan
2 mins read
Here's why OPEC's production cuts haven't boosted the price of oil
Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from p…
Phil Rosen
2 mins read
US crude exports set a record high amid market share war with OPEC
US exported nearly 4 million barrels a day of oil in the first half of 2023, up 19% from a year ago.
Aruni Soni
1 min read
No matter how much OPEC cuts oil production, other countries will 'fill the hole,' trader says
"We're looking at 2024 and we're concerned that the market is actually going to end up being oversu…
Aruni Soni
1 min read
Stock market today: jobs in focus as investors await March non-farm payrolls numbers
The March non-farm payrolls report, due to be published at 8.30 a.m. ET, could shape the Federal Re…
George Glover
1 min read
OPEC says 'exaggerated concerns' about demand are hitting oil prices but still sees a slowdown in 2024
"The market dynamic was fuelled by exaggerated concerns about oil demand growth, which negatively i…
Filip De Mott
2 mins read
Record-breaking oil production from the US has left OPEC with its lowest crude market share in nearly a decade
The IEA said global oil demand has slowed sharply amid economic turmoil, while the US, Brazil, and …
Phil Rosen
3 mins read
Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…
1 min read
OPEC+ to cut oil output by 2 million bpd from November
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+…
1 min read
Ahead of Biden's Mideast visit, OPEC's latest forecasts show how hard it will be for the cartel to balance the market
OPEC member countries are already struggling to keep pace with demand, with pressure ramping up nex…
Brian Evans
1 min read
OPEC's secretary general Mohammad Barkindo dies aged 63
Barkindo died unexpectedly late Tuesday in his home country of Nigeria, just weeks before he was se…
George Glover
2 mins read
Global shares take a breather ahead of US jobs data in record-breaking week; oil rises after OPEC+ agrees slow supply rise
With the all-important monthly US jobs report due, stocks were trading steadily near record highs, …
Amanda Cooper
2 mins read
Here are 5 things that can be done to avert an energy crisis in Europe, according to the IEA
Europe is now in "a constant state of uncertainty over Russian gas supplies," the IEA chief said, w…
Jennifer Sor
1 min read
Oil markets could see a supply shock of 2 million barrels a day this year as OPEC and Russia slash production
Meanwhile, OPEC forecasts that oil consumption will climb by 2.3 million barrels a day this year to…
Filip De Mott
2 mins read
OPEC has told the EU it's 'nearly impossible' to replace Russian oil cut off by sanctions or boycotts
The EU is trying to wean itself off Russian energy on the back of the Ukraine war. It's banning Rus…