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Economy

Fears Of Economic Slowdown Cap Crude Prices

The oil market is currently very much focused on the bearish signals, with prices reflecting fears of slowdown in China, a slowdown or...
News

OPEC+ Is Now 2.84 Million Bpd Below Its Oil Production Target

The OPEC+ group had a massive shortfall of 2.84 million barrels per day (bpd) in June between actual production and the target oil output...
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OPEC+ Misses Production Target By Whopping 2.7 Million Bpd

All 13 members of OPEC saw their production rise by just 153,000 barrels per day. OPEC's collective production rose to 28.648 million bpd...
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OPEC Slashes 2022 Oil Demand Growth Forecast By 480,000 Bpd

...OPEC slashed on Tuesday its oil demand growth estimate for 2022 by nearly 500,000 barrels per day. ...Lower expected economic growth because of Russia's war...
Headline

OPEC+ Sees Smaller Oil Market Surplus In Q1

...OPEC+ sees smaller oil market surplus at the beginning of 2022 ...Lower expected oil supply from non-OPEC+ producing nations was the key reason for a...
Headline

COVID-19: Nigeria’s Oil Rigs Drop By 50%

Nigeria recorded a 50% loss of rigs in the oil and gas sector, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According...
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