Page 3 - Opec

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

Trump asks Opec to cut oil prices, argues it will stop Russia-Ukraine war

US President Donald Trump has asked the Organization of the Petroleum Exporting Countries to cut the prices of oil, arguing that it would stop the Russia-Ukraine war. He had made a similar claim earlier, too. Addressing the annual World Economic Forum at Davos in Switzerland via video conference, Trump accused the OPEC+ alliance of oil-exporting countries of being responsible for the nearly three-year conflict in Ukraine. "We want to see OPEC cut the price of oil. That will automatically stop the tragedy that's taking place in Ukraine. It's a butchering tragedy for both sides," the US President told reporters in North Carolina on Friday. Noting that a large number of Russian and Ukrainian soldiers have died in the conflict so far, Trump said, "Right now, it's just bullets whacking and hitting men. There are over a million men killed, and they are losing thousands of people a week." "It's crazy. It's a crazy war and it never would have happened if I was president (then). This is

Amid US sanctions, oil buyers pull all levers to replace Russian shipments

As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense

Opec's share in India's annual oil imports rises after 8 year drop

India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed

Opec forecasts oil demand growth in 2026, lowers estimates for 2024

Opec, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year

Saudi oil giant ups crude prices for Asian buyers amid tightening supply

The world's top oil exporter Saudi Aramco announced its first crude oil price hike in three months

CRISIL analysis: Crude oil prices may soften on lower risk premium

Amid the shifting sands of geopolitics, Russia remained India's top crude oil supplier accounting for 35 to 40 per cent of total imports

China's solar equipment industry looks to Opec for guide to survival

The accord comes as China's solar industry contends with overcapacity, heightened geopolitical tensions and slowing demand

Extension of production cuts by Opec+ won't impact India: Govt officials

Earliest reversal of production cuts pushed back to March 2025 on Thursday

Oil prices climb nearly 1% as traders await outcome of Opec+ meet

Opec+ is likely to extend its latest round of output cuts until the end of the first quarter at its Dec 5 meeting

OPEC+ production cuts may support oil prices in near term: Goldman Sachs

OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January

Oil falls more than 2% after reports of possible West Asia peace deal

Israel said on Monday it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address

Opec cuts forecast for 2024 oil demand growth, lowers projection for 2025

The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 1.82 million barrels per day in 2024, down from 1.93 million bpd it expected last month

Opec+ agrees to delay planned December output increase for one month

The OPEC+ group, combining the Organization of the Petroleum Exporting Countries plus Russia and other allies, was scheduled to raise output by 180,000 barrels per day in December

Opec again lowers forecast of global oil demand growth in 2024, 2025

Opec in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month

Opec+ unlikely to recommend changes in output policy at Oct 2 panel meeting

Oil prices have fallen in 2024 with Brent crude last month slipping below $70 a barrel for the first time since 2021, pressured by concern about global demand and rising supply outside Opec+

India to lead global oil demand growth in 2024, surpassing China: IEA

Global oil demand is experiencing its slowest growth since 2020, primarily due to weak demand from China and a drop in Russia's global oil supply

Want Opec+ to raise oil output to meet demand, says oil secretary

The Organization of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, last week agreed to delay a planned oil output increase for October

How to trade oil futures amid weak demand, Hurricane Francine? Outlook here

Crude oil strategy, Sept 12: WTI crude oil rice may fall to $65 in medium-term

Opec vs IEA: Diverging oil demand forecasts signal an uncertain future

The difference between the forecasts of OPEC and IEA, amounting to 0.93 million bpd, underscores the widening divide between these key institutions