OPEC News

Saudi Arabia Resists US Pressure to Increase Oil Production Amid Price Concerns

Amid US efforts to lower oil prices by increasing production, Saudi Arabia resists calls to boost output, citing economic concerns. The International Monetary Fund underscores the ...

Trump's Davos Speech Sparks 1% Drop in Oil Prices: A Closer Look

Crude oil prices fell by over 1% after President Trump's Davos speech, where he urged Saudi Arabia and OPEC to lower oil prices, potentially affecting the Russia-Ukraine conflict. ...

Global Oil Demand Concerns Push Crude Prices Down by 1%

Crude oil prices fell on Tuesday as the IEA and OPEC cut their 2024 global oil demand growth forecasts, causing investor concerns. The market also awaited the Federal Reserve's mon...

Global Oil Demand Concerns Send Prices Plummeting Over 1%

Crude oil prices fell on Thursday after OPEC cut its global demand outlook for the next year, with the IEA also lowering its demand growth forecast for this year.