The change reflects what has become long-standing cooperation between members of OPEC and the group
LONDON – OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC + group.
But from this month OPEC will give only the estimate of demand for crude from the Declaration of Cooperation countries, the sources said. The DoC is the formal name for OPEC+, which comprises the 12 OPEC members and 10 non-members of which Russia is the largest producer. OPEC, founded in 1960, has as its main aim "the coordination and unification of the petroleum policies of member-countries," according to its statute. Members appoint officials to a board of governors and other committees.
The pact marked its seventh anniversary in December, with OPEC saying members were showing "unwavering commitment."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oil down over 3pc during the week despite Israel-Iran tensionsThe IMF expects OPEC+ to begin increasing output from July
Baca lebih lajut »
Oil down over 7pc for the week -- the steepest loss in three monthsOPEC+ could extend supply cuts beyond June
Baca lebih lajut »
GM and Ford count on gas-powered trucks as EV growth slowsThe slowdown in global electric-vehicle demand, forced companies to go for gasoline-powered vehicles
Baca lebih lajut »
Former Venezuelan oil minister is arrested in connection with corruption probe, authorities sayFormer Venezuelan oil minister is arrested in connection with corruption probe, authorities say
Baca lebih lajut »
Iran aims to contain fallout in Israel response, will not be hasty, sources sayApril 1 strike on Iranian embassy marked an escalation
Baca lebih lajut »
Egypt in renewed mediation push for Gaza truce, sources sayEgypt has asked for a follow-up meeting with Israel in efforts to mediate a deal for a ceasefire.
Baca lebih lajut »