In its annual report on world oil prospects until 2050, the Organization of the Petroleum Exporting Countries (OPEC) announced the extension of its forecasts for crude oil demand in the medium and long term.
The organization foresees an increase in consumption, “led by India, Africa and the Middle…
Read More...
Browsing Tag
Organization of the Petroleum Exporting Countries
OPEC foresees reduction in oil demand
The Organization of the Petroleum Exporting Countries (OPEC) adjusted downwards this Monday global oil demand for the remainder of 2024 (2.07 %) and for 2025 (1.71 %). One of the main reasons would be China's slowdown in consumption.…
Venezuelan oil production rose 4 % in February
The Organization of Petroleum Exporting Countries, OPEC, indicated that during the month of February of this year, Venezuela increased its production to 877,000 barrels per day.
The figure represents an increase of 4 % compared to the same…