
OPEC
Stay current with all the latest and breaking news about OPEC, compare headlines and perspectives between news sources on stories happening today. In total, 187 stories have been published about OPEC which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news about OPEC, compare headlines and perspectives between news sources on stories happening today. In total, 187 stories have been published about OPEC which Ground News has aggregated in the past 3 months.
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BusinessOil prices rose on Wednesday to their highest since early December on optimism that the lifting of China's strict COVID-19 curbs will lead to a fuel demand recovery in the world's top oil importer.
Oil prices gain around 1% on optimism over China's recovery
55% Center coverage: 11 sources
OPECBrent crude futures dipped 18 cents, or 0.2%, to $84.57 a barrel at 0739 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 16 cents, also0.2, at $78.00 a barrel. The retreat in oil prices came as euro zone inflation fell less than expected last month.
Oil prices down after report on UAE debating OPEC exit
75% Center coverage: 4 sources
Vladimir PutinRussia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman talked about OPEC+ by phone ahead of the alliance’s committee meeting on Wednesday.
Putin and Saudi Crown Prince Discuss OPEC+ Cooperation
Coverage: 4 sources
BusinessGlobal oil demand will rise this year by 2.32 million barrels per day (bpd), or 2.3 per cent, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday in a monthly report. Key to oil demand growth in 2023 will be the return of China from its mandated mobility restrictions.
OPEC raises forecast for China-led oil demand growth in 2023
60% Right coverage: 5 sources
BusinessBrent crude futures climbed 93 cents, or 1.2 per cent, to $78.38 a barrel by 0324 GMT. U.S. West Texas Intermediate crude futures (WTI) gained 96 cents, to $72.29 a barrel. On Tuesday, the benchmarks fell more than 4 per cent to a three-month low. OPEC raised its forecast for Chinese oil demand growth in 2023.
Oil prices rebound after OPEC upgrades China demand outlook
Coverage: 5 sources
OPECOPEC expects demand to grow by 2.3 million barrels per day to an average of 101.87 million. China lifted its zero-Covid policy that had battered the economy and caused widespread protests. Russia said it will slash crude production by five percent from March after Western countries imposed a price cap.
Opec raises 2023 oil demand forecast as China reopens
67% Center coverage: 3 sources
BusinessOPEC expects global oil supply and demand to be in balance in the first quarter. The Organization of Petroleum Exporting Countries will need to provide an average of 28.85 million bpd. The estimates provide further validation for the substantial production curbs OPEC and its allies made late last year.
OPEC Expects Oil Market to Be Balanced in First Quarter
67% Right coverage: 3 sources