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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.
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Market Speaks: EIA says global oil inventories to increase from mid-2025, sees continued decline in OPEC export revenueThe US Energy Information Administration or EIA stated in a latest update that OPEC members earned about $550 billion in crude oil export revenues in 2024, a 9%, or $55 billion (nominal $) decline ...
The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...
Oil edged higher for a second day as traders turn their focus to key supply and economic indicators over the course of the week.
Crude oil prices held steady as traders balanced expectations of rising OPEC+ supply with a surprise U.S. inventory build.
According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...
Oil prices dropped more than 12% following a three-week rally, with experts forecasting them to stabilize around the $60 ...
Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...
In a renewed push to meet its OPEC production quota and 2025 budgetary targets, the Federal Government on ...
The world's largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day in ...
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