OPEC Faces Challenges Amid Expected Oil Oversupply in 2024
Oil market forecasts for 2024 predict an oversupply, posing challenges for OPEC and allies in reviving production. Explore the potential impacts on global oil dynamics.
Topic
OPEC+
A collection of 16 issues
Iraq Aims to Cut Gas Flaring to 20% by Next Year
Iraq plans to reduce gas flaring from 33% to 20% by 2024, aiming for complete elimination by 2029. This move aligns with environmental and OPEC goals.
Iraq's Gas Production: Over 1 Billion Cubic Feet Flared Daily
Iraq produces 3.122 billion cubic feet of gas daily, but flares 1.048 billion. Discover the impact on energy and OPEC's role.
OPEC+ Boosts Oil Production to 40.58 Million BPD in November
OPEC+ increases oil production to 40.58 million barrels per day in November, influencing global energy markets and supply dynamics.
Diesel Prices Drop Amid Weak Chinese Demand and OPEC+ Production
Discover why diesel prices are falling as weak Chinese demand and high OPEC+ production levels impact the energy market. Stay informed on the latest trends.
OPEC+ Cuts Fail to Balance U.S. Production and China's Slowdown
OPEC+ production cuts fall short as U.S. production rises and China's economy slows. Explore the impact on global oil markets and future outlook.