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Monday, May 20, 2024  
11 Dhul-Qadah 1445  

OPEC

OPEC+ raises 2022 oil demand growth forecast
Business Published 01 Sep, 2021 01:08pm

OPEC+ raises 2022 oil demand growth forecast

OPEC+ expects global oil demand to grow by 5.95 million bpd in 2021 after a record drop of about 9 million bpd in 2020 because of the Covid pandemic.
Oil holds near one-month highs as demand forecasts raised
Business Published 15 Apr, 2021 08:13am

Oil holds near one-month highs as demand forecasts raised

TOKYO (Reuters) - Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic.
OPEC oil has advantage over U.S. shale during pandemic recovery
Business Published 03 Mar, 2021 11:48am

OPEC oil has advantage over U.S. shale during pandemic recovery

(Reuters) - The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy begins to gear up again.