Tag Archives: REPI:OPEC

OPEC stays with 2022, 2023 oil need development projections after downgrades

Cuts Q4 need by 140,000 bpd, Q1 2023 by 410,000 bpd OPEC Nov outcome dropped by 744,000 bpd after OPEC+ reduced promise Claims leisure of China’s zero-COVID plan is prospective benefit LONDON, Dec 13 (Reuters) – OPEC on Tuesday adhered to its projections for international oil need development in 2022 and also 2023 after numerous downgrades, stating that… Read More »

OPEC cuts 2022, 2023 oil demand progress view as financial system slows

Cuts 2022 demand progress to 2.64 million bpd from 3.1 mln bpd Nonetheless sees demand topping pre-pandemic stage in 2023 OPEC September output rises 146,000 bpd, led by Saudi LONDON, Oct 12 (Reuters) – OPEC on Wednesday reduce its 2022 forecast for progress in world oil demand for a fourth time since April and in addition trimmed subsequent… Read More »

OPEC+ sees greater 2022 surplus, dangers to grease demand progress

The brand of the Organisation of the Petroleum Exporting International locations (OPEC) sits exterior its headquarters forward of the OPEC and NON-OPEC assembly, Austria December 6, 2019. REUTERS/Leonhard Foeger Register now for FREE limitless entry to Reuters.com Register LONDON/MOSCOW, Aug 31 (Reuters) – The oil market will doubtless see a bigger-than-expected surplus this 12 months, OPEC+ mentioned in… Read More »