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OPEC predicts this year's global oil demand will make up 65% of loss in 20
Updated : 4 years, 7 months ago IST
Washington [US], October 15 (ANI/Sputnik): Global oil demand is expected to make a significant recovery, reaching 96.7 million barrels per day (mb/d) and recovering 65% of demand lost in 2020, OPEC Secretary-General Mohammad Sanusi Barkindo said on Thursday.
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Platts Analytics forecasts global oil supply growth of 3 million b/d
Updated : 4 years, 11 months ago IST
New Delhi [India], June 15 (ANI): Platts Analytics has forecast global oil supply growth of 3 million barrels per day this year and 5.5 million b/d in 2022.
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OPEC+ agrees to increase output by 500,000 barrels a day in January
Updated : 5 years, 5 months ago IST
Vienna [Austria], December 4 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided at a meeting on Thursday to increase oil production by 500,000 barrels per day (bpd) in January 2021.
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Saudi Arabia to hike oil output capacity by 1 million barrels per day
Updated : 6 years, 2 months ago IST
Riyadh [Saudi Arabia], Mar 11 (ANI): Aramco will boost its crude oil output capacity by one million barrels per day, taking the overall daily figure to a potential 13 million, Deutsche Welle reported on Wednesday.
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India's purchase of US crude oil increased 10 fold to 250,000 bpd in past
Updated : 6 years, 2 months ago IST
New Delhi [India], Feb 25 (ANI): India's purchase of crude oil from the United States has increased ten-fold in the past three years to 250,000 barrels per day, US Energy Secretary Dan Brouillette said on Tuesday.
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OPEC agrees to cut crude oil production by 1.2 million barrels/day
Updated : 7 years, 5 months ago IST
Vienna [Austria], Dec 8 (ANI): In an aim to boost global oil markets, member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies on Friday decided to slash crude oil production by 1.2 million barrels per day.
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OPEC cuts 2018 world oil demand growth forecast over Turkey, Brazil, Argen
Updated : 7 years, 7 months ago IST
London [UK], Oct 11 (ANI/Sputnik): The Organization of the Petroleum Exporting Countries (OPEC) downgraded its global oil demand estimate due to changes in economy forecasts for Turkey, Brazil, Argentina, a report by the OPEC showed Thursday. The OPEC, however, has forecasted non-OPEC oil su
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