The Government of Russia announced on Thursday on its official Telegram channel that Russian Deputy Prime Minister Alexander Novak had a meeting with Iranian Petroleum Minister Mohsen Paknejad.The parties discussed key infrastructure projects in the energy sector. Another topic was the...
The global economy is forecast to grow by 3% in 2025, a report by the Organization of Petroleum Exporting Countries (OPEC) said on Monday, revising down last month's estimate of 3.1%. OPEC predicted that trade uncertainty will impact all major economies, with the United States seeing its growth...
The Organization of the Petroleum Exporting Countries (OPEC) revised its projection of the global oil demand growth for 2025 down to 1.3 million barrels per day (bpd) in its monthly report published on Monday. It argued the change, down from 1.4 million bpd last month, is due to incoming data...
The Organization of Petroleum Exporting Countries (OPEC) and its partners of OPEC+ agreed on Thursday to increase oil production by 411,000 barrels per day (bpd) in May, ending voluntary output cuts. This comprises the increment originally planned for May in addition to two monthly increments,...
Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed bin Salman (MbS) and discussed a number of topics, including the conflict in Ukraine and OPEC+, the Kremlin stated on Thursday.Putin thanked MbS for Riyadh's efforts to mediate and host discussions between...
The Organization of Petroleum Exporting Countries (OPEC) revealed on Wednesday that its global economic growth estimates for 2025 and 2026 were unchanged from the previous month's forecast and stood at 3.1% and 3.2% respectively.Gross Domestic Product (GDP) growth in the United States is...
The Organization of the Petroleum Exporting Countries (OPEC) predicted in its March report that the global oil demand growth for 2025 should stand at 1.4 million barrels per day (bpd), unchanged from its previous forecast. OECD countries are forecast to add 0.1 million bpd to the demand, while the...
Russian Deputy Prime Minister Alexander Novak said on Friday that the decision made by OPEC+ to increase oil output from April was made in December and that United States President Donald Trump did not impact it by repeatedly calling for a rise in production. Novak said the output boost...
The Organization of Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, confirmed in a statement on Monday that it intends to proceed "with a gradual and flexible return of the 2.2 mbd voluntary adjustments" starting on April 1. The organization argued that this decision was...
Russian Deputy Prime Minister Alexander Novak denied on Monday a report claiming the Organization of the Petroleum Exporting Countries and its partners (OPEC+) are considering delaying ending oil output cuts. OPEC+ agreed in December to extend voluntary production cuts by 2.2 million...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
