OPEC- World Oil Demand to Rise by 1.93 Million Barrels Per Day
OPEC says world oil demand will rise by 1.93 million barrels per day in 2024, down from growth of 2.03 million barrels per day it expected last month. Announcing its forecast cut for global oil demand growth in 2024 in a monthly report, OPEC said China accounted for the bulk of the 2024 downgrade, as […]
Angola leaves OPEC oil cartel in output quota row
Angola has announced it is LEAVING the oil producers’ organization; OPEC over a dispute on output quotas. Diamantino de Azevedo, the African nation’s oil minister, said Angola “does not gain anything by remaining in the organization,” which it joined in 2007. Angola and Nigeria are the two biggest oil exporters in sub-Saharan Africa. It follows […]
