Tag: OPEC
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OPEC Data Shows Global Oil Demand Hit Record 105 Million Barrels Daily in 2025
Global oil demand reached its highest level on record in 2025, driven by accelerating consumption across Asia, Africa and the Middle East, according to...
UAE’s OPEC Exit Raises Structural Questions for Global Oil Pricing
The United Arab Emirates' departure from the Organization of the Petroleum Exporting Countries (OPEC) is likely to permanently reduce the cartel's pricing power and...
UAE Quits OPEC After Nearly Six Decades in Historic Energy Shift
The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective...
OPEC to Launch 2026 Annual Statistical Bulletin on April 29
The Organization of the Petroleum Exporting Countries (OPEC) will release its 2026 Annual Statistical Bulletin on Wednesday, April 29, providing the global energy industry...
OPEC Holds 1.4 mb/d Demand Growth Forecast as Refining Squeeze Lifts Fuel Margins
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for global oil demand growth at 1.4 million barrels per day in...
