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World Oil Demand Growth Unchanged in June; EIA Cuts Forecast

· WTI crude oil price rose by 2.6% to USD94.54 per barrel · World oil demand growth remains almost unchanged at 0.80mnbpd in 2013 · EIA...

OPEC Keeps Oil Output Same for 2013; Shale Oil Boom in...

The 163rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Vienna, Austria, on 31 May 2013, under...

OPEC issues Oil Market Highlights for May

The OPEC Secretariat has issued its monthly oil market report for May 2013. Following are oil market highlights from the Monthly Oil Market Report by...

OPEC raises 2013 forecast for world oil demand

Global demand for oil is now expected to grow more than previously estimated, according to the Organization of the Petroleum Exporting Countries monthly report...

OPEC oil output falls in December: Platts survey

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...

OPEC cuts production, oil demand unchanged

Global oil demand growth in 2012 remained unchanged at 0.9 million barrels a day, but uncertainty surrounds the 2013 forecast, according to latest monthly...

UAE delegation to participate in OPEC’s Fund for International Development meeting

UAE Delegation Participates in the 33rd Ministerial Council Meeting of OPEC Fund for International Development in Austria Meeting chaired by HE Obaid Humaid Al Tayer,...

OPEC provides above oil market needs

OPEC pumps 1.62 million bpd above target in April Global demand growth in 2012 rises to 900,000 bpd OPEC is currently producing enough oil to keep...

OPEC Oil Production climbs to 31.27 million barrels per day in...

Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed by 400,000 barrels per day (b/d) to 31.27 million b/d in...

2012 Oil Demand Outlook Lowered

Global oil demand in 2012 is expected to grow by 800,000 b/d from 2011, down from last month’s outlook for 1.1 million b/d of demand growth

2012 global oil demand growth forecast lowered

International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate

Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production

On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....

Oil market fundamentals could ease over next five years

Oil market fundamentals could ease over the next five years, the International Energy Agency projected on Tuesday, revising down its demand forecasts through 2016 and revising up its supply projections after 2013.

Future demand for oil may pull oil price lower

EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.

Crude oil advanced slightly for third consecutive week

Crude oil for October delivery managed to end the week in the positive, however only rose a little in weekly terms despite having ranged...

Global Oil Demand Growth Outlook lowered

The U.S. Energy Information Administration's short-term economic growth assumptions have been lowered substantially this month compared with August's Energy Outlook. The latest forecast assumes that...

Crude oil futures lost 9.2% on the week

  Crude oil futures ended slightly higher last Friday in the U.S. Crude oil for September delivery added 0.3%, or 25 cents, to $86.88 a...

Oil falls on output and demand concerns

Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...