The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

OPEC criticizes the IEA's inconsistent messages regarding oil and gas investment, highlighting a recent "U-turn" from ...

Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to ...

Saudi Arabia's crude oil shipments to its biggest customer, China, are expected to drop to their lowest level in more than a ...

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a ...

Oil-exporting states have been under pressure from US President Donald Trump to slash prices, though analysts have said the ...

Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans ...

IEA projects global oil supply to exceed demand by 1 million b/d in 2025 due to trade tensions and OPEC+ cuts.

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries ...

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...

Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...