OPEC Archives

Bitcoin and crypto markets react to global $17.3 trillion oil shock

baghdaddiary.comJanuary 6, 2026January 7, 2026

January 6, 2026January 7, 2026

CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...

Business

Global oil demand growth revised down by OPEC by 106,000 barrels per day

baghdaddiary.comOctober 15, 2024October 15, 2024

October 15, 2024October 15, 2024

OPEC has revised its 2024 global oil demand growth forecast down by 106,000 barrels per day, citing weaker-than-expected demand in non-OECD regions, impacting overall oil...

Business

Gold continues upward climb, scaling one-year high racing past $2,000 an ounce

baghdaddiary.comApril 4, 2023April 4, 2023

April 4, 2023April 4, 2023

Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which...

Business

Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

baghdaddiary.comApril 2, 2023April 2, 2023

April 2, 2023April 2, 2023

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual...

Business

Oil producers from OPEC and non-OPEC sign historic declaration

baghdaddiary.comDecember 12, 2022

December 12, 2022

Ten non-OPEC oil-producing countries and OPEC Member Countries signed the Declaration of Cooperation (DoC) on 10 December 2022. At the OPEC Headquarters in Vienna, Austria,...

Business

UAE plays a crucial role in securing global energy supplies – OPEC

baghdaddiary.comAugust 3, 2022

August 3, 2022

As one of the world’s largest oil producers, and considering future directions to increase energy productivity, Haitham Al Ghais, Secretary-General of the Organisation of the...