OPEC

Oil Faces Worst April Selloff in History Amid Trade War and Stockpile Surge

Oil Faces Worst April Selloff in History Amid Trade War and Stockpile Surge

Brent crude tumbles over 14% in April as US-China trade tensions and rising oil inventories darken global demand outlook. April…

7 months ago

OPEC+ Surprises Market With Faster Oil Output Hike, Brent Crude Falls Below $70

Eight-member bloc to raise output by 411,000 bpd in May, exceeding expectations; Trump’s tariff shock compounds price slump April 4,…

8 months ago

Trump Urges Peace Settlement in Russia-Ukraine Conflict, Calls for Oil Price Reduction

US President Donald Trump emphasizes the urgent need to end the Russia-Ukraine war, citing its devastating human toll, while urging…

11 months ago

OPEC sees global oil demand at 116 mb/d in 2045

The 2023 OPEC World Oil Outlook (WOO) was launched today at the King Abdullah Petroleum Studies and Research Center (KAPSARC)…

2 years ago

Petroleum Minister Puri Urges OPEC To Infuse Sense Of Affordability In Oil Markets Amid Rising Crude Prices

New Delhi [India] : Minister of Petroleum and  Natural Gas Hardeep Singh Puri met the Secretary-General of the Organization of…

2 years ago