OPEC+ Production Cuts May Have Caused Irreparable Rival Supply, Iran Official Says
Wedoany.com Report-Nov 27, OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group...
OPEC+ Shifts Dec. 1 Oil Policy Meeting Online, Delegates Say
Wedoany.com Report-Nov 26, OPEC+ plans to hold this weekend’s meeting online rather than in-person as originally indicated, delegates said. It’s the third time in a row that the group led ...
OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online
OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as originally planned. Several members said...
IEA: Non-opec+ Production Growth Bolstered By New Offshore Capacity
Wedoany.com Report-Nov 19,Offshore conventional projects are projected to contribute nearly 700,000 b/d to the anticipated 1.5 million b/d rise in non-OPEC+ production in 2025, according t...
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Wedoany.com Report-Nov 11,Global oil demand is projected to reach 120.1 million barrels per day (mb/d) by 2050, while energy demand will rise 24% during the same period, said the Organization of Petro...