Opec

Opec trims oil demand for next four years, says no peak in sight

The forecasts for demand in 2026 through 2029 are all lower than last year. Demand will average 106.3 million bpd in 2026, OPEC said, down from 108 million bpd seen last year

OPEC+ may boost oil production faster than expected, weighs August hike

Since April, OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group's long-term strategy

Israel-Iran conflict couldn't change trajectory of global oil flows: S&P

S&P expects global oil supply to exceed demand by 1.2 million b/d in H2 2025 and Brent to average $50-$60 per barrel as OPEC+ unwinds cuts and demand growth remains weak

No OPEC+ action needed amid Iran-Israel conflict, says Putin on oil market

Oil prices have rallied as a week-old air war between Israel and Iran escalated and uncertainty about potential US involvement kept investors on edge

OPEC sees solid second-half of 2025 for world economy, trims 2026 supply

OPEC also said supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 730,000 barrels per day in 2026, down 70,000 bpd from last month's forecast

Stock Market close highlights: Sensex jumps 444 pts, Nifty at 24,751; realty, pharma lead gains

Sensex Today | Stock Market close highlights, Thursday, June 5, 2025: Nifty Midcap100, and Nifty Smallcap100 indices settled with gains of 0.65 per cent and 0.96 per cent, respectively

Opec+ to gather for quota review before key decision on July output

The more market-sensitive discussion on whether to continue their 411,000 barrel-a-day hikes, which have sent prices crashing over the past two months, will be finalised in a video conference

Stock Market Close Highlights: Sensex jumps 455 points, Nifty at 25,001; all sectors settle in green

Sensex Today | Stock Market Close Highlights Monday, May 26, 2025: Among the Sensex constituents, 22 out of 30 stocks ended higher, with gains led by M&M, HCL Tech, Tata Motors, and Nestle India

Discipline & deviation: Opec action to keep oil prices at reasonable levels

Brent crude oil futures were already dipping to nearly $61 a barrel before this announcement, and prices might go below $60 once traders have had a chance to digest this news

Crude oil prices drop as OPEC+ accelerates output hikes, surplus looms

Brent crude futures dropped by 87 cents, or 1.42%, to $60.42 a barrel by 0946 GMT, while U.S. West Texas Intermediate crude was at $57.37 a barrel, down 92 cents, or 1.58%

OPEC+ plans to further speed up crude oil output hikes despite weak demand

OPEC+ shocked the oil market in April by agreeing a faster-than-expected unwinding of cuts despite weak prices and demand

Opec+ agrees to accelerate oil output hike for June despite weak demand

Oil prices fell to a four-year low in April below $60 per barrel after Opec+announced a bigger-than-expected production boost for May

IEA cuts 2025 oil demand forecast amid trade tensions, economic uncertainty

Global oil demand expected to rise by 730,000 b/d in 2025, down from 940,000 b/d last year

Oil prices plunge 6% after Trump tariffs, OPEC+ speeds up output hikes

Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the United States, the world's biggest oil consumer, with much higher duties on products from dozens of countries

Opec+ likely to proceed with planned May oil output hike amid steady prices

Opec+ is a group that includes Opec and allied producers led by Russia, and pumps over 40 per cent of the world's oil. The group is scheduled to raise output by 135,000 barrels per day in May

Opec+ issues new plan for oil cuts to compensate for overproduction

The plan will represent monthly cuts of between 189,000 barrels per day and 435,000 bpd, according to a table on OPEC's web site. The scheduled cuts last until June 2026

Opec+ mulls delaying April oil supply restart amid market concerns

The OPEC+ alliance first unveiled its plans for gradually reviving production in June last year, but with oil demand growth slowing in China and new supplies across the Americas swelling

Opec maintains global oil demand growth forecasts for year 2025, 2026

The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 1.45 million barrels per day (bpd) in 2025 and by 1.43 million bpd in 2026

Oil prices waver as markets await clarity on Trump's Canada, Mexico tariffs

Investors are also looking ahead to a ministerial meeting by the Organization of the Petroleum Exporting Countries and its allies, together called Opec+, scheduled for Feb 3

Oil falls as Donald Trump reiterates call for Opec to reduce prices

Opec and its allies including Russia have yet to react to Trump's call, with Opec+ delegates pointing to a plan already in place to start raising oil output from April