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Oil production

IEA cuts 2024 oil demand growth forecast on China slowdown

IEA cuts 2024 oil demand growth forecast on China slowdown

  • IEA cut its growth forecast by 70,000 bpd, or about 7.2%, to 900,000 bpd
  • It cited a slowdown in Chinese demand as main driver of weaker global demand growth
By AFP ·
Saudi Arabia, 7 other OPEC+ nations extend voluntary supply cuts until end of November

Saudi Arabia, 7 other OPEC+ nations extend voluntary supply cuts until end of November

By Arab News ·
Iraq, Kazakhstan agree to make up for crude overproduction

Iraq, Kazakhstan agree to make up for crude overproduction

By Reuters ·
Saudi Arabia to ramp up oil production capacity in the next 3 years - energy minister

Saudi Arabia to ramp up oil production capacity in the next 3 years - energy minister

By Nirmal Narayanan ·
Update Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to stabilize prices. (Reuters)

Saudi Arabia extends voluntary oil cut of 1m barrels per day until mid-2024

By Arab News ·

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