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Economy Middle East Summit
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OPEC+
Energy
OPEC maintains forecast for 2.25 million bpd global oil demand growth in 2024, 1.85 million bpd in 2025
The organization forecasted 2.3 million bpd rise in world oil demand in the second half of 2024
Markets
Oil prices edge higher on declining U.S. inventories; investors await Fed announcement and inflation data
Brent crude futures for August delivery gained 0.2 percent to $82.09 per barrel
Markets
Oil prices dip ahead of key Fed meeting, U.S. inflation data release
Brent crude futures fell 11 cents, or 0.13 percent, to $81.52 per barrel
Markets
Oil prices stabilize as traders await OPEC meeting, Fed cues
Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
Markets
Oil prices set for third weekly decline on prospects of OPEC+ easing output cuts
Recent interest rate cuts in eurozone, Canada would support crude demand
Energy
OPEC oil output rises in May, reaching 26.63 million barrels per day
This represents an increase of 145,000 bpd from April
Markets
Oil prices drop to 4-month low amid outsized increase in U.S. inventories
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Markets
Oil prices tumble to 4-month low amid demand concerns, OPEC production outlook
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Markets
Oil prices rise as OPEC+ maintains cuts, but demand concerns linger
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
Energy
OPEC+ extends voluntary production cut of 2.2 million barrels of crude oil a day into 2025
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
Markets
Oil prices extend losses as U.S. product stockpiles grow, China activity slows
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Economy
GCC economic growth to rebound to 2.8 percent in 2024, 4.7 percent in 2025: World Bank
Oil production remains crucial in shaping the GCC region's fiscal and external balances
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