OPEC Maintains Global Oil Demand Growth in 2025, 2026
The Organisation of the Petroleum Exporting Countries (OPEC) announced yesterday that it will maintain its previous forecasts for global oil demand growth in 2025 and 2026. In its monthly oil market report, OPEC projected a year-on-year increase of 1.3 million barrels per day (bpd) in both 2025 and 2026, unchanged from last month’s estimates. OPEC […]
Angola leaves OPEC oil cartel in output quota row
Angola has announced it is LEAVING the oil producers’ organization; OPEC over a dispute on output quotas. Diamantino de Azevedo, the African nation’s oil minister, said Angola “does not gain anything by remaining in the organization,” which it joined in 2007. Angola and Nigeria are the two biggest oil exporters in sub-Saharan Africa. It follows […]
