U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower oil prices, a move that could eventually lead to a new oil price war ...
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Why OPEC's grip on oil markets will continue to weaken in 2025OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel's grip. According to the International Energy Agency, OPEC+ faces a sizable ...
It has been 50 years since the Arab oil embargo and the ensuing crisis ... calculated that world oil demand would peak in 2030. OPEC, in a separate study, said it expects that peak won’t ...
LONDON, Jan 15 (Reuters) - OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic ...
In 2023, Angola officially announced that it was leaving OPEC amid a disagreement over oil production quotas, ending its 16-year stint in the cartel. Angola, Africa’s second-largest crude ...
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