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Global oil demand growth to fall by half in 2024: Int. Energy Agency
- Agency also predicts that global oil supply is set to reach new high of 103.5 million barrels per day in 2024OPEC crude output rises in December
- OPEC report shows fall in global liquids production by 400,000 barrels per day to average 100.9 million barrels per day in DecemberOPEC reaffirms commitment to unity with OPEC+ countries amid Angola's exit
Following Angola's announcement to exit OPEC, group reaffirms "commitment to shared objectives of unity and cohesion"Highlights of global energy market in 2023
- Renewable energy surge, OPEC+ production policies, and deepening climate commitments mark 2023Angola’s decision to quit OPEC raises concerns over group’s market management
- Other countries like United Arab Emirates may follow suit, indicating cracks among 13-member group, Iranian expert Fereydoun Barkeshli says
24.12.2023
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