PARIS: Global demand for oil is expected to remain “robust” in 2022 and overcome short-term disruption caused by the Omicron coronavirus variant, the Organization of Petroleum Exporting Countries (OPEC) said on Tuesday. But the Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery. The … Read more
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
Organization of Petroleum Exporting Countries (OPEC) members and its allies have been urged to boost compliance with oil output cuts aimed at supporting prices. According to the details, Energy Minister Prince Abdulaziz Bin Salman, while chairing the 21st Joint Ministerial Monitoring Committee (JMMC) meeting via videoconference urged (OPEC) members and allies to boost compliance with oil … Read more
