This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

The group said it has seen strong demand from the air travel and automotive industries. Earlier this month, OPEC said its ...

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $68.29 per barrel, down ...

The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil producing countries', OPEC highlighted. Image by gladder via iStock In ...

OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

West Texas Intermediate (WTI) Oil price holds ground for the third successive session, trading around $68.40 per barrel ...

OPEC+ has exported a record amount of refined products, blunting the impact of the group's crude output curbs, as members ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production declined to 1.65 ...

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

The Saudi-led cartel said its members would start ... sells for $60 a barrel or less. OPEC Plus, the name used by the Organization of the Petroleum Exporting Countries and allies like Russia ...

noting that half of OPEC’s member countries are from the continent, including Nigeria, the most populous African nation, and Algeria, the largest in geographical size. Other African OPEC members ...