Tag: OPEC
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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...
Gold Slips for Second Month on Yields
Gold prices dropped 2.8% in April to an average of $4,721 per ounce, a second straight monthly decline driven by rising United States bond...
OPEC+ Agrees Modest June Output Rise in First Meeting Without UAE
Seven of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) producers have agreed to raise collective output by 188,000 barrels per...
OPEC Data Shows Global Oil Demand Hit Record 105 Million Barrels Daily in 2025
Global oil demand reached its highest level on record in 2025, driven by accelerating consumption across Asia, Africa and the Middle East, according to...
UAE’s OPEC Exit Raises Structural Questions for Global Oil Pricing
The United Arab Emirates' departure from the Organization of the Petroleum Exporting Countries (OPEC) is likely to permanently reduce the cartel's pricing power and...
