global oil demand News

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

OPEC+ has agreed to increase oil production by 411,000 barrels per day in May, ending voluntary cuts, citing healthy market fundamentals. The decision could be adjusted based on fu...

Global Oil Demand Forecast Drops, Sparking Over 1.5% Decline in Crude Prices

Crude oil prices fell over 1.5% after the IEA revised its 2025 global oil demand forecast downward, citing trade tensions and U.S. tariff threats on EU alcohol exports. WTI and Bre...

Aramco Reports a 12% Drop in 2024 Net Income to $106.2B Amid Global Oil Demand Surge

Saudi Aramco's 2024 net income fell by 12% to $106.2 billion, with total revenue slightly down to $436.6 billion. Despite a challenging year, the company announced a 4.2% increase ...

Aramco Reports a 12% Drop in 2024 Net Income to $106.2 Billion Amid Global Oil Demand Surge

Saudi Aramco's 2024 financials show a 12% net income drop to $106.2B, with a slight revenue decrease to $436.6B. Despite challenges, the company announced a 4.2% dividend increase,...

Aramco Reports 12% Drop in 2024 Net Income to $106.2 Billion Amid Global Oil Demand Surge

Saudi Aramco's 2024 financial results show a 12% decrease in net income to $106.2 billion, with total revenue slightly down to $436.6 billion. The company announced a 4.2% increase...

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...