Trending News: Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and RecruitersYaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countriesHow to Choose the Right Mattress: Find the Best Fit for YouEmils Kerimovs on Wealthtech Revolution: Investing in the Middle East and AfricaForex Brokers Review: Is ITBFX A Safe Broker?Best Kitchen Renovation Ideas to Upgrade Your SpaceWhere to Get a Professional Massage in DubaiDog Spay Surgery 101: Benefits, Risks, Cost, and AftercareNail Artistry Unleashed: The Definitive Guide to Acrylic NailsCelebrity Beauty Secrets: CoolSculpting’s Popularity Among Dubai’s EliteClimate Change Threats to Turtle Nesting HabitatsItalian Design and Luxury Doors for Villas and HotelsEmbrace the Adventure: Discover Dubai’s Dune Buggy ToursWhy Estonia is the Perfect Launchpad for Luxury BrandsThe Real Benefits of Being a VIP in the Online Casino SceneThe Evolution of Online Casino Bonuses: Trends and Future PredictionsThe best ways to protect your skin from sun damage in 2024The easiest way to access the best UAE stocksThe Rising Demand for Model Ships in DubaiExhibition Stand Builders in DubaiUnlocking the Power of Booking Engines in the Hospitality IndustryArtificial Intelligence in Daily WorkFit and Fabulous in Dubai: Strategies for Succeeding in Weight Loss with a Busy ScheduleCost-effective drilling: how to reduce operational expenses by smart equipment choicesNavigating the World of Cryptocurrencies: How to Choose the Best Crypto WalletUnlock the easiest way to get EU citizenship of Slovenia and Romania with Union PermitsThe Ultimate Guide to Men’s Facials in DubaiKonstantin Tserazov: Cybersecurity and Data Protection – Global Challenge and Gulf CountriesDiversification Benefits of Indices TradingUnlocking the Power of Booking Engines in the Hospitality IndustryBoost Your Sales with Perfect Banner Printing Services in DubaiDefend Against DDoS Attacks with Qrator Labs’ Anti-DDoS SolutionsUAE Powering Gaming Boom in the Middle EastiGym and the Youth Gym Culture in DubaiThe Future of Gambling in the UAE: Economic, Legal, and Social DimensionsComparing the Best Trading Platforms in the UAE: Features and BenefitsEvgenia Timofeenko: What does it mean to be an investor in the hotel business?AFC Champions League 2023/24: Last-16 Fixtures, Latest Odds & PreviewA Decade of Expertise in Company Formation and Financial SolutionsDubai’s Latest Fitness Craze: Workouts with a Skyline ViewBalloon Bouquets in DubaiSiGMA Eurasia Returns to Dubai in 2024The Mind-Blowing Technological Marvels Redefining Dubai in 2024Siam Home Spa is Redefining Home Spa Luxury in DubaiPRNEWS.IO to exhibit at iFX EXPO in Dubai: Digital PR Communications Across Global MarketsMohammed Bin Rashid Space Center: 8 main areas of the Lunar Space StationBy Reuters Oil prices rose amid rising tensions in the Middle EastA “supermaterial” of carbon… science when the Chinese kill two birds with one stoneReal Madrid advanced to the final after defeating Atletico MadridA smart iPhone holder provides flexibility in creating content that follows the user's movementJapan is inspired by creative ideas to build earthquake-resistant homesThe UAE and India are exploring trade and investment opportunities for a comprehensive economic partnership agreement at the Gujarat summit.Bitcoin Turns Sharp After False Claim That SEC Approved ETFs“Hamilton” begins performances in Abu Dhabi on January 17The Future of Peace and Development in Yemen in Light of the Trap of Psychological Disorders (1) | Dr. Muhammad al-MaithamiI do not approve of recommendations in the world of footballNo Return Mode in The Last of Us Part 2 Gets a New Trailer for Joel's CharacterMore than 23 thousand martyrs.. Gaza health announced the new death toll newsA team of first-year engineering students at the American University of Sharjah is developing innovative transportation solutions using giant mushrooms.Economic stimulus and corporate recovery support higher oil demand in 2024Baby Yoda movie is expected soonArtificial Intelligence: Discovering a Material for Using “White Gold” Lithium in BatteriesThe most prominent Arab players expected to shine in the Asian Cup finals. Get to know themGiant Starship Elevator Finally Tested by Astronauts Science“Boeing 737 Max” Gives World's Skies a Headache (Timeline)Latifah bint Mohammed: We learn from Mohammed bin Rashid's attitude that celebrating the Arab inventor is our way to a future full of achievements.Oil prices continue to rise after U.S. crude stockpiles draw, via ReutersParis names one of its streets after David BowieFor men under forty… how to protect yourself from prostate infection?Saint-Germain is the best club for MbappeJapanese company Sony reveals details of its smart car…which can be driven using a PlayStation 5 controller.Boeing admits responsibility for Alaska Airlines crash and pledges transparency“Dubai Land”: 577 sales worth Dh1.79 billion were recorded.Oil prices up $2… Brent crude at $77.81 a barrelFrom the stage to the Golden Globes… Cillian Murphy shines with OppenheimerDamascus is between two bubbles…upscale neighborhoods and others affected by the economic situationBayern Munich invites Rummenigge to honor Beckenbauer in a fitting way“MSI Claw”… the first portable gaming device based on Intel's Core Urdla chipsetThe Perils of an Overheated Car: A Hidden Danger to Health and PropertyHow to rent a car in Dubai?The UAE's ambitions in the space sector will continue in 2024, and the lunar station will be the first mission.Why should we be teaching our kids Arduino in 2024?Khaled Youssef attacks Tariq El-Shenawi because of “The Alexandrian”.A mass epidemic has hit children and women in Gaza. A psychologist reveals the detailsPreparations for the 2023 Asian Cup complete…Lebanon-Qatar showdown at the startAn exceptional mirror to help improve your moodHamas leader: Gallant is “selling illusions” to IsraelisA young man rented a car for Dh300 and kept it for 295 days – UAE Breaking NewsSaeed Bin Hamdan Bin Saeed, Chairman of the Board of Directors of “2 Point Zero”.Ihab Tawfiq presents “Yes, Cheater” on his birthdayBrazil's new coach beats cancer after clashing with NeymarNew feature inspired by iPhone 16 specifications and Android phonesBlinks after visit to Saudi Arabia: Interest in normalization with Israel, but…Sharjah Customs foiled an attempt to smuggle infiltrators into the countryPrice War Begins Between Wall Street Leaders For Bitcoin.. Which Is The Best Deal? By Investing.comAlain Delon's children's disputes are heading to the judiciary, and Anushka denies “manipulating her father” for financial reasons.5 Spices That Curb Your Sugar Cravings!?Al-Ittihad News Today | Mohamed Salah's agent teases fans about his future, and Al-Etifaq player rejects Dean's offerThe high-end smartphone market has seen strong growth in salesA Saudi DJ highlights his country's natural treasures with music

Dubai Week

Complete Dubai News World

Trending News: Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and RecruitersYaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countriesHow to Choose the Right Mattress: Find the Best Fit for YouEmils Kerimovs on Wealthtech Revolution: Investing in the Middle East and AfricaForex Brokers Review: Is ITBFX A Safe Broker?Best Kitchen Renovation Ideas to Upgrade Your SpaceWhere to Get a Professional Massage in DubaiDog Spay Surgery 101: Benefits, Risks, Cost, and AftercareNail Artistry Unleashed: The Definitive Guide to Acrylic NailsCelebrity Beauty Secrets: CoolSculpting’s Popularity Among Dubai’s EliteClimate Change Threats to Turtle Nesting HabitatsItalian Design and Luxury Doors for Villas and HotelsEmbrace the Adventure: Discover Dubai’s Dune Buggy ToursWhy Estonia is the Perfect Launchpad for Luxury BrandsThe Real Benefits of Being a VIP in the Online Casino SceneThe Evolution of Online Casino Bonuses: Trends and Future PredictionsThe best ways to protect your skin from sun damage in 2024The easiest way to access the best UAE stocksThe Rising Demand for Model Ships in DubaiExhibition Stand Builders in DubaiUnlocking the Power of Booking Engines in the Hospitality IndustryArtificial Intelligence in Daily WorkFit and Fabulous in Dubai: Strategies for Succeeding in Weight Loss with a Busy ScheduleCost-effective drilling: how to reduce operational expenses by smart equipment choicesNavigating the World of Cryptocurrencies: How to Choose the Best Crypto WalletUnlock the easiest way to get EU citizenship of Slovenia and Romania with Union PermitsThe Ultimate Guide to Men’s Facials in DubaiKonstantin Tserazov: Cybersecurity and Data Protection – Global Challenge and Gulf CountriesDiversification Benefits of Indices TradingUnlocking the Power of Booking Engines in the Hospitality IndustryBoost Your Sales with Perfect Banner Printing Services in DubaiDefend Against DDoS Attacks with Qrator Labs’ Anti-DDoS SolutionsUAE Powering Gaming Boom in the Middle EastiGym and the Youth Gym Culture in DubaiThe Future of Gambling in the UAE: Economic, Legal, and Social DimensionsComparing the Best Trading Platforms in the UAE: Features and BenefitsEvgenia Timofeenko: What does it mean to be an investor in the hotel business?AFC Champions League 2023/24: Last-16 Fixtures, Latest Odds & PreviewA Decade of Expertise in Company Formation and Financial SolutionsDubai’s Latest Fitness Craze: Workouts with a Skyline ViewBalloon Bouquets in DubaiSiGMA Eurasia Returns to Dubai in 2024The Mind-Blowing Technological Marvels Redefining Dubai in 2024Siam Home Spa is Redefining Home Spa Luxury in DubaiPRNEWS.IO to exhibit at iFX EXPO in Dubai: Digital PR Communications Across Global MarketsMohammed Bin Rashid Space Center: 8 main areas of the Lunar Space StationBy Reuters Oil prices rose amid rising tensions in the Middle EastA “supermaterial” of carbon… science when the Chinese kill two birds with one stoneReal Madrid advanced to the final after defeating Atletico MadridA smart iPhone holder provides flexibility in creating content that follows the user's movementJapan is inspired by creative ideas to build earthquake-resistant homesThe UAE and India are exploring trade and investment opportunities for a comprehensive economic partnership agreement at the Gujarat summit.Bitcoin Turns Sharp After False Claim That SEC Approved ETFs“Hamilton” begins performances in Abu Dhabi on January 17The Future of Peace and Development in Yemen in Light of the Trap of Psychological Disorders (1) | Dr. Muhammad al-MaithamiI do not approve of recommendations in the world of footballNo Return Mode in The Last of Us Part 2 Gets a New Trailer for Joel's CharacterMore than 23 thousand martyrs.. Gaza health announced the new death toll newsA team of first-year engineering students at the American University of Sharjah is developing innovative transportation solutions using giant mushrooms.Economic stimulus and corporate recovery support higher oil demand in 2024Baby Yoda movie is expected soonArtificial Intelligence: Discovering a Material for Using “White Gold” Lithium in BatteriesThe most prominent Arab players expected to shine in the Asian Cup finals. Get to know themGiant Starship Elevator Finally Tested by Astronauts Science“Boeing 737 Max” Gives World's Skies a Headache (Timeline)Latifah bint Mohammed: We learn from Mohammed bin Rashid's attitude that celebrating the Arab inventor is our way to a future full of achievements.Oil prices continue to rise after U.S. crude stockpiles draw, via ReutersParis names one of its streets after David BowieFor men under forty… how to protect yourself from prostate infection?Saint-Germain is the best club for MbappeJapanese company Sony reveals details of its smart car…which can be driven using a PlayStation 5 controller.Boeing admits responsibility for Alaska Airlines crash and pledges transparency“Dubai Land”: 577 sales worth Dh1.79 billion were recorded.Oil prices up $2… Brent crude at $77.81 a barrelFrom the stage to the Golden Globes… Cillian Murphy shines with OppenheimerDamascus is between two bubbles…upscale neighborhoods and others affected by the economic situationBayern Munich invites Rummenigge to honor Beckenbauer in a fitting way“MSI Claw”… the first portable gaming device based on Intel's Core Urdla chipsetThe Perils of an Overheated Car: A Hidden Danger to Health and PropertyHow to rent a car in Dubai?The UAE's ambitions in the space sector will continue in 2024, and the lunar station will be the first mission.Why should we be teaching our kids Arduino in 2024?Khaled Youssef attacks Tariq El-Shenawi because of “The Alexandrian”.A mass epidemic has hit children and women in Gaza. A psychologist reveals the detailsPreparations for the 2023 Asian Cup complete…Lebanon-Qatar showdown at the startAn exceptional mirror to help improve your moodHamas leader: Gallant is “selling illusions” to IsraelisA young man rented a car for Dh300 and kept it for 295 days – UAE Breaking NewsSaeed Bin Hamdan Bin Saeed, Chairman of the Board of Directors of “2 Point Zero”.Ihab Tawfiq presents “Yes, Cheater” on his birthdayBrazil's new coach beats cancer after clashing with NeymarNew feature inspired by iPhone 16 specifications and Android phonesBlinks after visit to Saudi Arabia: Interest in normalization with Israel, but…Sharjah Customs foiled an attempt to smuggle infiltrators into the countryPrice War Begins Between Wall Street Leaders For Bitcoin.. Which Is The Best Deal? By Investing.comAlain Delon's children's disputes are heading to the judiciary, and Anushka denies “manipulating her father” for financial reasons.5 Spices That Curb Your Sugar Cravings!?Al-Ittihad News Today | Mohamed Salah's agent teases fans about his future, and Al-Etifaq player rejects Dean's offerThe high-end smartphone market has seen strong growth in salesA Saudi DJ highlights his country's natural treasures with music

OPEC + expects surpluses to rise in 2022 as demand growth slows

Economy
May 4, 2022

OPEC + expects surpluses to rise in 2022 as demand growth slows

D + D – Normal size

A report seen by Reuters on Wednesday said the OPEC + Alliance expects a surplus of 1.9 million barrels per day in 2022, an increase of 600,000 barrels per day from previous estimates, amid expectations of a slowdown in oil demand growth this year.

The report, prepared ahead of a meeting of the OPEC + Joint Technical Committee scheduled for Wednesday, expects oil stocks in the Organization for Economic Co-operation and Development to be slightly above average in 2015-2019.

The revision of estimates reflects expectations of weaker growth in oil demand, which was adopted by the Organization of the Petroleum Exporting Countries (OPEC) in its monthly report on crude oil for April.

OPEC now expects global oil demand to increase by 3.67 million barrels per day by 2022, down 480,000 barrels per day from its previous forecast.

The organization cited the impact of the Russo-Ukrainian conflict, rising crude oil prices and high inflation, and the re-emergence of the corona virus’s mutated omigron strain in China as reasons for adjusting the forecast.

Follow the economic report through Google News