The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are unlikely to make any changes to their current production policy at the upcoming Joint Ministerial Monitoring Committee (JMMC) meeting on …
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Saudi Arabia’s Growth Stalled by Lower Oil Output: Economists
Saudi Arabia’s economic growth is expected to be one of the slowest among the Gulf Cooperation Council (GCC) countries this year, according to a recent Reuters poll of economists. This sluggish growth is primarily attributed …
Continue readingOil Prices Rise on US Inflation Data, Rate Cut Hopes
Oil prices climbed on Thursday, with the Brent benchmark rising above $85 a barrel, driven by hopes of interest rate cuts in the United States. The surge followed data revealing a slowdown in US inflation, …
Continue readingOPEC Maintains Strong Oil Demand Forecast: Summer Travel, Economic Growth Key Drivers
The Organization of the Petroleum Exporting Countries (OPEC) has stuck to its prediction of robust global oil demand growth for 2024 and 2025. OPEC attributes this strong outlook to a resilient global economy and a …
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