Published: Jun 07, 2024, 05:45 IST | Updated: Jun 07, 2024, 05:45 IST
Leading oil producers gathered in St. Petersburg to discuss the future of the global oil and gas market. Saudi Arabia and its allies in OPEC+, the organisation of the petroleum exporting countries, met against a backdrop of rising oil demand. OPEC+ forecasts a significant increase in global oil consumption of 2.2 million barrels per day in 2024.