OPEC - Price of a Barrel

OPEC

Saudi Oil Exports Hit Record 7.5M bpd — Is the Price of a Barrel Headed for a Breakdown?

RIYADH / VIENNA — Saudi Arabia is flooding global oil markets with record-high crude exports, set to reach 7.5 million barrels per day (bpd) in July, according to shipping data cited by Reuters. The surge comes as OPEC+ raises their production ceiling and braces for another possible supply boost in September

OPEC

Oil Demand Will Hit 123 Million bpd by 2050, OPEC Forecasts — Defying “Peak Oil” Predictions

VIENNA, July 10, 2025 — Oil demand will grow by roughly 19% to reach almost 123 million barrels a day (bpd) by 2050, according to OPEC's latest report World Oil Outlook 2025. The required investment to meet this demand will be US$18 trillion by 2050. And it will

OPEC

Eight OPEC Members Surprise Market with 548,000 bpd Hike on Production Ceiling — Crude Glut Fears Roil WTI, Brent Prices

VIENNA — July 6, 2025 — OPEC+ has announced a larger-than-expected production hike of 548,000 barrels per day (bpd) for August 2025 — significantly above the anticipated 411,000 bpd. The surprise increase, led by Saudi Arabia and Russia, signals a pivot toward defending market share, even at the expense of price