World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 ...

However, revised projections from OPEC reflect a slowdown in oil demand growth, particularly due to economic uncertainty in ...

Oil had risen in recent sessions after reports said the cartel was considering such a move, due to pressure on oil prices ...

The recent decision by OPEC+ to delay a planned production increase has provided ... sector drive this volatility. The daily chart for WTI oil shows that the price trades within a descending ...

On Sunday, a larger group called OPEC+, consisting of OPEC members plus other oil-producing countries, agreed to extend their oil production cut to 2.2 million barrels per day (bpd) until the end ...

OPEC estimates that non-OPEC + production will grow ... balance can be seen in the chart I provided. The IEA suggests that between May and now, global crude oil stockpiles declined by 135 mb.

Referencing our balance sheet on the upper right hand chart, we have nearly ... which has yet to be factored into oil demand ...

When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production ... amid oversold conditions on hourly charts. Any meaningful recovery, however ...

OPEC lowered its global oil demand growth forecast for 2024 and 2025 for the fourth month in a row, citing weaker demand in ...

OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.

OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...