Tag: OPEC
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OPEC+ raises July targets despite Hormuz supply crisis
OPEC+ agreed to lift oil production targets by 188,000 barrels a day in July, pressing on with monthly increases even as the closed Strait...
OPEC+ Raises July Oil Quota as Iran War Stalls Real Supply
Seven OPEC+ members agreed Sunday to lift their combined oil output target by 188,000 barrels per day from July, but analysts say the increase...
OPEC Chief Backs Producer Coordination Amid Oil Risks
Organization of the Petroleum Exporting Countries (OPEC) Secretary General Haitham Al Ghais defended coordinated producer action as vital to oil market stability, speaking at...
OPEC Says Road Transport to Drive Oil Demand Until 2050
The Organisation of the Petroleum Exporting Countries (OPEC) has forecast that the global road transport sector will remain the single largest driver of oil...
OPEC Holds Demand Forecast as Oil Markets Tighten
The Organization of the Petroleum Exporting Countries (OPEC) has kept its 2026 global oil demand growth forecast unchanged, warning that Middle East supply disruptions...
