OPEC considers OECD demand expectations in its forecasts.
2 reports, 1 independent
Updated Sep 10
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What happened
OPEC considers OECD demand expectations in its forecasts.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Global oil market dynamics are being shaped by divergent views on demand forecasts, US policy shifts under the Trump administration, slower EV uptake in Europe, and major export cuts from Gulf producers due to the Iran war.Also in this story
- The International Energy Agency and DNV are modeling global energy demand amidst geopolitical tensions and policy shifts affecting the global energy market.
- IEA reports on energy shocks originating from the Middle East and their impact on Europe's electricity demand.
- Trump's administration is implementing broad trade barriers and tariffs on clean technology, affecting global energy transition goals.
- Impasse in negotiations and rising diesel prices are straining the energy industry across Europe and the Middle East.
The entities involved
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Organization of the Petroleum Exporting Countries
international organization of petroleum-exporting countries
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Organization for Economic Cooperation and Development
intergovernmental economic organization
- Geopolitical tensions are affecting oil supply stability, prompting international organizations to monitor the economic growth and forecasts of Korea.
- The OECD and IEA are discussing how the prolonged conflict in the Middle East is causing global growth uncertainty and disrupting energy supplies and markets.
Related events
- Iraq seeks higher oil production quota from OPEC.
- Geopolitical tensions, U.S. sanctions, and structural changes within OPEC are impacting oil supply and market dynamics in the Middle East.
- OECD notes that conflict risk in the Middle East impacts economic projections based on Brent crude price assumptions.
- The formation of OPEC is detailed, noting that Venezuela, Iraq, and Kuwait co-founded the organization, with Juan Pablo Pérez driving the idea. Venezuela is currently examining plans to leave OPEC.