OPEC

OPEC cuts 2022, 2023 oil demand growth view as economy slows

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

Trump accuses OPEC of driving up oil prices

US President Donald Trump accuses the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel's agreement to cap production.

Four oil producers to freeze output

Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze their oil output at January levels if other producers follow suit.

October 13, 2022
October 13, 2022

OPEC cuts 2022, 2023 oil demand growth view as economy slows

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

June 13, 2018
June 13, 2018

Trump accuses OPEC of driving up oil prices

US President Donald Trump accuses the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel's agreement to cap production.

February 16, 2016
February 16, 2016

Four oil producers to freeze output

Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze their oil output at January levels if other producers follow suit.