OPEC+
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
Market concerns rise as major producers hold output policy steady
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"
Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses
OPEC+ extends output cuts amid market dynamics and global demand predictions
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
Surprise decline in U.S. crude stockpiles supports prices
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Concerns over China's economic weakness continue to impact oil market
