The EIA's crude oil price estimates were little changed from those of the previous report, with Brent forecast to average $74 a barrel this year and $66 a barrel the next. WTI is forecast at $71 and ...

Nigeria has achieved a significant milestone by meeting its Organisation of Petroleum Exporting Countries (OPEC), crude oil ...

The International Energy Agency once again slashed expectations for a global oil surplus this year amid stronger demand ...

The International Energy Agency modestly raised its forecast for global oil-demand growth and said improved compliance with ...

Russian crude production rose by around 100,000 barrels per day last month to 9.2 million bpd, the IEA said in a monthly ...

What the country does with its newfound power will be crucial for everything from prices to the future of mining investments ...

Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect for Federal Reserve rate cuts anytime soon. BOE's Greene Says Key Rate Must ...

Oil prices deepened their losses today, Feb. 12, after OPEC maintained its forecast for global oil demand growth this year, while economic data weighe ...

The Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging uncertainty from the impact of potential tariffs. The ...

Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

Russia’s oil production totaled 9.01 mbd in November 2024, and 9.004 mbd in December, according to OPEC. Output averaged 9.250 mbd in Q2 2024, 9.058 mbd in Q3, and 9.015 mbd in Q4.

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...