Economics & Markets

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OPEC Vienna headquarters.
Economics & Markets

OPEC+ Ministerial Meeting postponed

Nov. 22, 2023
Postponement of the 36th OPEC and non-OPEC (OPEC+) Ministerial Meeting raised concerns about global crude supplies, causing oil prices to plunge Wednesday.
Primary energy use by fuel, world.
Economics & Markets

IEO2023: Global energy consumption to outpace efficiency gains in most cases by 2050

Oct. 11, 2023
Global energy-related CO2 emissions will rise by 2050 in multiple scenarios outlined in the US EIA's outlook as global population growth and higher living standards push growth...
US crude oil exports (Jan. 2015-Jun. 2023).
Economics & Markets

EIA: US crude oil exports hit record high in first-half 2023

Oct. 10, 2023
US crude oil exports in first-half 2023 averaged 3.99 million b/d, which is a record high for the first half of a year since 2015 when the US lifted its ban on most crude oil ...
Image from OPEC
Opec Demand 2022 45
Economics & Markets

OPEC forecasts global oil demand to reach 116 million b/d in 2045

Oct. 9, 2023
In its annual World Oil Outlook report, OPEC projects global oil demand to reach 110.2 million b/d in 2028, up 10.6 million b/d compared with 2022. Non-OECD demand will make up...
Rystad Energy.
Global gas supply versus demand in different energy transition scenarios.
Economics & Markets

Rystad Energy: New natural gas production needed to meet demand

Oct. 5, 2023
Global gas demand is projected to rise in the next decade, but current existing gas fields will fall short of meeting the global demand, requiring rapid growth in unconventional...
Dreamstime | ID 23991536 © Colicaranica.
Economics & Markets

OPEC+ maintains oil policy stability, Saudi Arabia and Russia continue production cuts

Oct. 4, 2023
The ministerial panel within OPEC+ convened on Oct. 4 and agreed to maintain the current oil output policy. This decision came following commitments from Saudi Arabia and Russia...