OPEC World Oil Outlook 2024: Technology impacts energy supply/demand
The 2024 OPEC World Oil Outlook (WOO) was launched on 24 September at the ROG.E conference in Rio de Janeiro, Brazil.
Read moreThe 2024 OPEC World Oil Outlook (WOO) was launched on 24 September at the ROG.E conference in Rio de Janeiro, Brazil.
Read moreThe International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany.
Read moreThe OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5th, 2024, during which the eight member countries emphasized their collective resolve to ensure full compliance with the voluntary production adjustments.
Read moreThe International Maritime Organization (IMO) has notified the Director of the IOPC Funds, Gaute Sivertsen, that the Republic of Iraq deposited its instrument of accession to the 1992 Fund Convention on 5 August 2024.
Read moreOPEC Secretary General Haitham Al Ghais emphasizes that electrification is often misrepresented as a direct rival to oil, perpetuating the myth that these energy sources operate in isolation.
Read moreOPEC has maintained its forecast for robust global oil demand growth in 2024 and 2025, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025.
Read moreAs Brent crude futures experienced declines throughout May and early June, driven by concerns over sluggish oil demand growth and significant inventory builds, market dynamics have clearly shifted, IEA Oil Market Report (OMR) notes.
Read moreRepresentatives from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman gathered in Riyadh during the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM).
Read moreAccording to Gibson Shipbrokers' Tanker Market Report, oil markets once again are carefully watching for any comments from OPEC+ officials, with speculation building what the group will decide during their upcoming meeting on June 2nd.
Read moreAccording to the International Monetary Fund (IMF) maritime container traffic through the Red Sea has fallen by almost 30% year-on-year, as a result of Houthi attacks on merchant ships off Yemen.
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