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   What is OPEC's forecast for world oil demand in 2022?

   • In a monthly report, OPEC said it expects world oil demand in 2022 to rise by 4.15 million barrels per day (bpd), unchanged from last month. Oil use will surpass the 100 million bpd mark in the third quarter, also in line with last month's forecast.

   OPEC sees well supported oil market in 2022, despite

   www.ctvnews.ca/business/opec-sees-well-supported-oil-market-in-2022-despite-omicron-1.5744399

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   What will OPEC expect in 2023?

   • In 2023, OPEC expects oil demand to rise by 2.34 million bpd, down 360,000 bpd from previously forecast. The OPEC report also added that Saudi Arabia’s strong Purchasing Managers’ Index in recent months is proof of the Kingdom’s continued growth in the non-oil sector.

   OPEC cuts oil demand growth for 2022 and 2023 in latest report | Arab …

   www.arabnews.com/node/2179856/business-economy

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   Will oil prices fall if OPEC+ keeps overproducing?

   • Saudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. Prince Abdulaziz bin Salman's forecast, made during a conference call last week, was regarded as an indirect threat aimed at others in the oil coalition.

   Saudi minister says crude prices could fall 33% if OPEC members don't s…

   ca.finance.yahoo.com/news/saudi-minister-says-crude-prices-000401125.html

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   Why did oil prices rise on Thursday?

   • Our Standards: The Thomson Reuters Trust Principles. Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook.

   Oil rises on prospects of wider Middle East war, firmer global supply cap…

   www.reuters.com/markets/commodities/oil-rises-middle-east-conflict-deepens-gains-capped-by-global-supply-outlook-2024-10-03/

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2. money.usnews.com › investing › newsOil Rises as Middle East Conflict Deepens, Gains Capped by ...

   money.usnews.com › investing › news

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   1 day ago · (Reuters) - Oil prices ticked higher in early trade on Thursday as investors weighed the escalating conflict in the Middle East and the potential for disruption to crude flows, against an...

3. www.reuters.com › markets › commoditiesOil rises on prospects of wider Middle East war, firmer ...

   www.reuters.com › markets › commodities

   4 hours ago · Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook.

4. Videos

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     What is OPEC? | CNBC Explains

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     WION Business News | OPEC raises long-term oil demand view

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     OPEC sees global oil demand rising to 110 million barrels per day by 2045

     Jun 25, 2023

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5. www.cnbc.com › 2024/10/03 › oil-rises-as-middle-eastOil rises as Middle East conflict deepens, gains capped by ...

   www.cnbc.com › 2024/10/03 › oil-rises-as-middle-east

   • Cached

   4 hours ago · Oil prices ticked higher in early trade on Thursday as investors weighed the escalating conflict in the Middle East and the potential for disruption to crude flows, against an amply-supplied...

6. www.philstar.com › business › 2024/10/03Why is oil price yet to ignite on Middle East escalation?

   www.philstar.com › business › 2024/10/03

   • Cached

   4 hours ago · Eight members of the OPEC+ group of oil-producing nations, including Saudi Arabia and Russia, did agree last month to extend their voluntary supply cuts until the end of November, postponing a...

7. ca.finance.yahoo.com › news › saudi-minister-saysSaudi minister says crude prices could fall 33% if OPEC ...

   ca.finance.yahoo.com › news › saudi-minister-says

   • Cached

   4 hours ago · Saudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. Prince Abdulaziz bin Salman's...

8. www.politico.eu › article › vladimir-putin-warPutin’s war economy faces pain if Saudis sink global oil prices

   www.politico.eu › article › vladimir-putin-war

   • Cached

   5 hours ago · Russia, along with countries like Kazakhstan and Iraq, has been accused of shipping more oil than agreed to with the OPEC+ cartel, a collection of oil-producing states working to control global supply and price.

9. www.tradingview.com › news › reutersPlentiful oil supply dampens industry reaction to rising ...

   www.tradingview.com › news › reuters

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   11 hours ago · OPEC+ is currently cutting output by a total of 5.86 million bpd, or about 5.7% of global demand. Analysts at consultancy Wood Mackenzie are forecasting higher Brent prices for October at $81 per barrel. They noted that this could be revised up or down depending on whether escalation in the Middle East is avoided.