OPEC

There could be price swings in the crypto market this week amid a list of economic events happening in the U.S. These include the Fed budget data release, OPEC’s monthly report, and an end to the government shutdown....

OPEC strongly criticized the IEA’s forecast of peak fossil fuel demand before the decade’s end, labeling the IEA’s narrative as “extremely risky,” “impractical,” and “ideologically driven”. OPEC has revised its medium- and long-term projections for global oil demand...

OPEC+ will continue with its plan to cut down on production and reduce supply, but did not change its target notwithstanding further cuts. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing countries, known as OPEC+, maintained...

Reducing oil production means there will be a relative shortage in the supply of the product. The recent actions by some members of the Organization of Petroleum Exporting Countries (OPEC) and its allies tagged OPEC+ to cut oil production...

While Saudi Arabia said its cut is a precautionary measure that is aimed at supporting the stability of the market, experts are positive that many OPEC nations do not want to relive the crash that followed the 2008...