On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion.
OPEC Feed Atom
The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.
The Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) showed that Iran has regained its position as the third-largest crude oil producer in August.
Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.
The latest figures by the Organization of Petroleum Exporting Countries (OPEC) indicate that Iranian oil prices increased by an average of $6.1 per barrel in August.
Roydad Naft – Oil prices rose about 1% on Tuesday, boosted by a tighter supply outlook, and as producer group OPEC said major economies were faring better…
Roydad Naft – OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are…
Roydad Naft – Everyone has an opinion on oil. Some think it is the only thing to blame for climate change. Others say using oil can just…
Roydad Naft News Agency – Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve…
Roydad Naft News Agency – OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite…
Roydad Naft News Agency – Iranian Oil Minister Javad Oji has appointed Afshin Javan as Iran’s national representative to the Organization of the Petroleum Exporting Countries (OPEC),…
Roydad Naft News Agency – Iran produced 2.828 million barrels per day (bpd) of crude oil in July, registering an 86,000-bpd increase compared to the previous month,…
According to Roydad Naft News Agency – Iran has been the fifth top exporter of goods and services among the members of the Organization of Petroleum Exporting…
According to Roydad Naft News Agency – A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources…
According to Roydad Naft News Agency – An OPEC+ ministerial panel which meets on Friday is unlikely to tweak the group’s current oil output policy, five OPEC+…
According Roydad Naft News Agency – OPEC+ is unlikely to tweak its current oil output policy when a panel meets on Friday, six OPEC+ sources told Reuters,…
Roydad Naft News Agency – Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Minister Suhail al-Mazrouei said, and the group…
Roydad Naft News Agency – The Annual Statistical Bulletin (ASB) of the Organization of the Petroleum Exporting Countries (OPEC) shows a 67% increase in Iran’s oil revenues…
Roydad Naft News Agency – OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in 2024 despite economic…
Roydad Naft News Agency – Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expanded production cuts of…