Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price ...

A new report has alleged that Nigeria may be headed to a showdown with the Organisation of Petroleum Exporting Countries (OPEC) as it plans to raise output.

OPEC expected growth in 2025 is unchanged from last month’s report and the 2026 estimate for World liquids growth is the same ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

OPEC, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year. The 2026 prediction is OPEC's first ...

Oil has recovered to US$30 a barrel from the low last month and held onto an earlier gain after the report's release. OPEC expects this quarter to see the biggest drop in demand and lowered its ...

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

1. US CPI looms large The week’s... Oil prices retain strength despite OPEC cutting demand forecasts By Investing.com - Dec 11, 2024 3 Investing.com -- Oil prices rose Wednesday, with sentiment ...

However production has been very erratic since the November 2023 high. The December OPEC report states that two new floating production storage and offloading (FPSO) platforms came online in November.

OPEC on Monday decided to stick with its plan to start raising output in April. Specifically, the report said Nigerian production slipped by 60,000 bpd, the survey found, reflecting lower exports ...

The looming shadow of the disruptive decisions made by US President Donald J Trump and Prime Minister Narendra D Modi's ...