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OPEC+
Energy
Global oil demand growth slows in Q2 as EVs, economic headwinds impact consumption
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
Energy
Oil demand to increase by 2.25 million barrels a day in 2024: OPEC+
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Markets
Deflating geopolitical risk premium, hedge fund selling pushes oil to near two-month low: Report
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
Markets
Oil prices edge up on prospects of OPEC+ maintaining output cuts
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Markets
Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
Markets
Oil prices decline for the third day as U.S. crude inventories surge
U.S. crude production escalates to 13.15 million barrels per day in February
Markets
Oil prices soar $3 per barrel amid concerns of supply disruptionsÂ
Brent futures rose by $2.63, reaching $89.74 per barrel
Africa
Libya surpasses Nigeria as Africa’s top oil producer, OPEC report reveals
Libya's crude oil output reached 1.24 million barrels per day (bpd) in March 2024
Economy
ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans
Sustained oil output, growing non-oil investments key to healthy economy