OPEC

OPEC+ future at forefront for 2021: WoodMac

After a year of unprecedented oil demand shock during the COVID-19 pandemic, Wood Mackenzie expects 2021 total liquids demand to average 96.7 million barrels per day (b/d), 6.3 million b/d higher than 2020.
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OPEC slashes 2021 oil prospects

The Organisation of the Petroleum Countries (OPEC) has celebrated its diamond anniversary, with this year marking one of the greatest global challenges that triggered the worst economic recession and oil market downturns in its history.

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East Coast drilling exploration

OPEC, allies to execute record oil production cut

The Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries have agreed to cut almost 10 million barrels per day (mb/d) in oil production. The agreement will see
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Oil prices to continue to suffer: EIU

The Economist Intelligence Unit (EIU) has worsened its outlook for oil consumption following the recent crash in prices and the escalating coronavirus situation.
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Oil slump hits Australian producers

Shares in Australia’s oil and gas giants have fallen sharply following the fallout from the inability of OPEC and Russia to reach an agreement on production cuts last week. The oil and gas sector
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