According to the International Energy Agency (IEA) oil supply forecasts for 2025, the figures will be favorable.
Despite the impact on the sector of low demand from China, the agency “increased its forecast for growth in global oil demand for 2025 to 1.1 million barrels per day, from 990,000 bpd”…
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cuts
OPEC+ extends deadline for oil cuts
At a meeting on September 5, the member countries of the OPEC+ alliance agreed to postpone for two months the increase in oil supply scheduled for October.
According to a statement, the decision was made at a meeting of the sector…
Saudi Arabia and Russia extended their cuts until the end of the year
Saudi Arabia and Russia announced the extension of their voluntary oil production cuts until the end of the year, which has had an immediate impact on crude oil prices. This decision seeks to stabilize prices and has taken the value of a…