opec agreement news – BOL News Staging

Opec says high energy prices to dampen fourth quarter demand

November 12, 2021 by Sarfaraz Rizvi

OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 due to high energy prices, although the group stuck to its prediction of robust growth to above pre-pandemic rates in 2022. The Organization of the Petroleum Exporting Countries (Opec) said in a monthly report it expects oil demand to average … Read more

Saudi Cabinet urges reducing oil output to help restore balance in global oil markets

May 13, 2020May 13, 2020 by Web Desk

Cabinet of Saudi Arabia has urged oil producing nations not only to cling to agreed cuts to production, but also further reduce output to help restore balance in global oil markets. In a recent statement, Cabinet of Saudi Arabia said the Kingdom is committed to supporting the stability of global oil markets. Minister of Media … Read more

Menu

Latest

Entertainment

Lifestyle