barrels per day News

OPEC+ Announces Strategic Oil Production Increase of 411,000 bpd Starting May

OPEC+ has agreed to increase oil production by 411,000 barrels per day in May, ending voluntary cuts. The decision, based on positive market outlook, is subject to change. Next mee...

IEA Adjusts Oil Demand Projections: Lower 2024, Higher 2025

The IEA has revised its global oil demand growth forecasts, projecting 840,000 bpd for 2024 and 1.1 million bpd for 2025, reflecting changes in the energy market.