News
OPEC Warns Of 23mb/d Oil Supply Shortfall Without $17.4tn Investments By 2050
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the investments would be required by 2050 to meet future energy demand.
Bloomberg on MSN2h
Vakhshouri: OPEC a Stabilizing Factor in Oil MarketOil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...
The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...
Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...
Oil posts worst week since March 2023, down 12% on Israel-Iran ceasefire. OPEC+ production hike adds pressure but Friday ...
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback