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Saudi Arabia to Lose Top Spot in OPEC+ as Production Cuts Take Effect - Vimarsana News

Saudi Arabia to Lose Top Spot in OPEC+ as Production Cuts Take Effect

By Will Horner Saudi Arabia is set to fall below Russia as the largest oil producer in the OPEC+ alliance as its production cuts begin to bite, tightening...

Oil Demand Growth to Remain Strong in 2024 Thanks to Asian Economies, OPEC Says - Vimarsana News

Oil Demand Growth to Remain Strong in 2024 Thanks to Asian Economies, OPEC Says

By Will Horner The Organization of the Petroleum Exporting Countries foresees strong demand growth for oil next year thanks to a booming appetite from Asian...

Oil Demand to Peak This Decade as Electric-Vehicle Uptake Accelerates, IEA Says - Vimarsana News

Oil Demand to Peak This Decade as Electric-Vehicle Uptake Accelerates, IEA Says

By Will Horner Rising demand for crude oil is set to slow to a trickle within five years and peak before the end of the decade, as electric-vehicle uptake surges and developed nations rapidly transition to cleaner sources of energy, according to...

Oil Prices Defy Saudi Cuts as Investors Focus on Cloudy Economic Outlook -- Talking Markets - Vimarsana News

Oil Prices Defy Saudi Cuts as Investors Focus on Cloudy Economic Outlook -- Talking Markets

By Will Horner Just over a week has passed since Saudi Arabia said it would unilaterally slash output by one million barrels a day. Despite this, oil prices have fallen, as if the plan to tighten the market never happened. It is the latest exa...

Saudi Arabia Raises Oil Prices Following OPEC+ Meeting - Vimarsana News

Saudi Arabia Raises Oil Prices Following OPEC+ Meeting

By Will Horner Saudi Arabia raised its July prices for crude sales to Asian buyers on Monday, a day after an OPEC+ meeting in which it said it would slash oil output by 1 million barrels a... | June 5, 2023