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OPEC sees no peak oil demand long term, secretary general says
Reuters· 1 day agoOPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116...
IEA's Monthly Oil Market Report: These Are the Key Takeaways
Zacks· 1 day agoDespite IEA's somewhat tepid oil demand view, we believe the space is still a good one for investors...
U.S. Crude Production Growth Challenges OPEC+ Control Over Prices
Oilprice.com via Yahoo Finance· 2 days agoOPEC+ extends oil production cuts until the end of 2025, aiming to stabilize crude prices and balance market demands in the face of U.S. crude production growth and weak demand concerns.
IEA Sees Major Oil Surplus This Decade
Rigzone· 1 day agoThe International Energy Agency (IEA) has forecast a surplus petroleum production of up to eight million barrels per day (MMbpd) by 2030 as cleaner transport and electricity generation drive ...
OPEC’s Strategy To Outlast The Shale Boom
Forbes· 5 days agoIn the early days of the shale boom, when it wasn’t clear whether this development would have a significant impact, it was largely ignored by OPEC. By...
We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy...
Fortune via Yahoo Finance· 1 day agoSupply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at...
Saudi Arabia: Concluding Statement of the 2024 Article IV Mission
IMF· 9 hours agoA Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country< ...
The World Will Be Swimming in Excess Oil by End of This Decade, IEA Says
The Wall Street Journal· 2 days agoNon-OPEC+ countries are still set to lead global supply, the agency said, with production expected...
New Energy Forecast Points to Cheaper Oil—and Gasoline
Barrons.com· 2 days agoThe IEA says oil demand is likely to top out around 106 million barrels per day by the end of the...
Oil Prices Show Weakening Demand, but Not Because of Electric Cars
Ludwig von Mises Institute· 7 days agoThe latest OPEC meeting conclusions show that the global economy is not as strong as headlines...