opec
World
Opec sees global oil demand growth slowing in 2023, sources say
Reuters -
Fuel use has rebounded from the 2020 pandemic-induced slump but high prices have eaten into growth projections for 2022 and fed into expectations for slower growth in 2023.
World
Oil price rises even as Opec boosts output more than expected
AFP -
The Opec+ group decided to add 648,000 barrels per day to the market in July, up from the 432,000 bpd increases in recent months, and a shift from the cartel's recent stance of sticking to a planned pace of monthly production hikes.
World
Opec debates oil output boost amid Russian isolation
AFP -
The 13 members of the Organization of the Petroleum Exporting Countries drastically slashed output in 2020 as demand slumped because of the coronavirus pandemic and worldwide lockdowns.
World
US allies agree to tap emergency oil reserves again
AFP -
The IEA move will mark just the fifth time it has tapped its stockpiles since 1991.
World
US weighing largest ever draw from emergency oil reserve, sources say
Reuters -
It is unclear if the US Strategic Petroleum Reserve draw would be part of a wider global coordinated release.
World
Top oil producers may freeze output amid Omicron concerns
AFP -
The Opec+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in surging energy prices.
News
Malaysia stands to benefit from energy crisis, says economist
But despite the positive effects expected, the country should brace for the drawback of surging oil prices.
World
Opec+ abandons oil policy meeting after failing to reach consensus
The UAE and other producing nations want to raise their agreed output baselines to meet rising demand as pandemic restrictions are relaxed.
Berita
Apa sebenarnya di sebalik turun naik harga minyak?
Antara kuasa penawaran dan permintaan serta persaingan dalam pasaran menjadi penentu harga minyak.